Business

Akufo-Addo Assures Investors: Ghana is a Safe Haven for Legitimate Businesses

President Akufo-Addo

On Tuesday, March 12th, 2024, President Nana Addo Dankwa Akufo-Addo co-chaired the meeting of the Bi-National Commission with South African President Cyril Ramaphosa. This commission represents the highest level of international cooperation between Ghana and South Africa, addressing various trade and investment matters between the two nations.

Since the inaugural Session of the Bi-National Commission, in December 2021, President Akufo-Addo said Ghana and South Africa have made remarkable strides towards the attainment of the objectives we have set for ourselves.

Highlighting notable achievements, President Akufo-Addo mentioned the signing of the Agreement on Co-operation in the Field of Agriculture. He noted that initial steps have been taken towards establishing the Joint Implementation Committee, involving relevant Ministries, Departments, and Agencies.

“The Letter of Intent on Gender Related Matters was also signed during the period, and has progressed to a Memorandum of Understanding, which will also be signed today.

“Additionally, to enhance security between our two countries, the Defence Cooperation Agreement was signed in May 2023, and the Joint Defence Committee, which is to implement the tenets of the agreement, will be engaging each other in the second quarter of 2024.

“Under the Bi-National Committee arrangements, the two countries have also eliminated the visa barriers through the Visa Waiver Agreement, which came into effect on 1st November 2023, to enhance people-to-people engagement between the two countries, for business as well as tourism.

“Indeed, our engagements, before and after the inauguration of the Bi-national Commission, have also led to a draft Memorandum of Understanding on Political Consultations, which will oversee bilateral issues, and the exchange of views on regional and international issues of common interest on a regular basis. I am pleased to note that the MoU on Political Consultations was signed today,” President Akufo-Addo stated.

He stressed that ” Ghana is safe, and protects legitimate businesses.”

 

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