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UK boosts trade, investment partnership with Ghana

Oct '19
Pic: Shutterstock
Pic: Shutterstock
UK international development minister Baroness Sugg visited Ghana recently ahead of the UK-Africa Investment Summit in 2020. Co-hosting the UK-Ghana Business Council alongside Ghanaian vice president Mahamudu Bawumia, Sugg discussed how UK aid and investment can help Ghana move beyond aid by creating jobs, boosting growth and driving its economic potential.

Sugg launched a new partnership between the London Stock Exchange and the Ghana Stock Exchange, which will see the United Kingdom share the expertise of London to help Ghana become a regional hub for financial services.

She also championed the use of UK aid to help Ghana globally scale up its garment exports and and support agri-businesses to turn more productive, competitive and attractive for investors.

Sugg said building strong African markets will help attract quality investment from around the world and encourage more trade in the future, according to an official release.

UK imports of goods from Ghana increased by 143.7 per cent in the year to April 2018.

The 2020 summit will bring together businesses, governments and international institutions and will be a key milestone towards achieving the UK’s objective of becoming the largest G7 investor in Africa. The UK will host the summit in London on 20 January.

Fibre2Fashion News Desk (DS)

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November 2019

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