Home / Knowledge / News / Apparel/Garments / UK boosts trade, investment partnership with Ghana

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)

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 21st Oct 2020

Not much gain for Bangla RMG exporters from PRC decision

Despite China offering duty-free market access to 97 per cent of...

Pic: Shutterstock

Retail | On 21st Oct 2020

UK BEIS Committee seeks firms' replies on forced labour

The Business, Energy and Industrial Strategy (BEIS) Committee of the...

Pic: Shutterstock

Retail | On 21st Oct 2020

NRF, EuroCommerce to reinforce cooperation on data flow

How to legally transfer customer and employee data across the...

Interviews View All

Varinder Singh Jawanda, Trendy Bharat

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Mandeep Nagi, Shades of India

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Top executives, Retailers

Top executives

Weak rupee breeds inflation

Marcus Hardelauf,

Marcus Hardelauf

Germany-based Textechno is one of the leading manufacturers of testing...

Wolfgang Muller,

Wolfgang Muller

Mayer & Cie is a leading global manufacturer of circular knitting...

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ian Russell, Pireta

Ian Russell

UK-based Pireta has developed a unique free-form process to add durable,...

Silverio Baranzano, Fitesa

Silverio Baranzano

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

October 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search