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Ghana and Germany have reaffirmed their commitment to deepen trade and industrial cooperation to support sustainable economic growth, job creation, and technology transfer. Minister for Trade, Agribusiness and Industry Elizabeth Ofosu-Adjare, speaking at the Ghana–Germany Business Roundtable held at the Ghana Investment Promotion Centre (GIPC) in Accra, described the partnership between the two nations as “a model of mutual trust and shared prosperity.” The Minister said Ghana’s macroeconomic indicators were showing steady improvement. “Inflation is falling, public debt is declining, and investor confidence continues to rise,” she noted, adding that the progress reflects government’s strong commitment to fiscal discipline, sound policy reforms, and the creation of a business environment that rewards innovation and long-term investment. Outlining the government’s industrialization agenda, Ofosu-Adjare cited initiatives including the 24-Hour Economy and Accelerated Export Development Programme, the Feed the Industry Initiative, and the Rapid Industrialization for Jobs Agenda as key drivers of economic transformation. According to her, the programmes are opening up new opportunities in manufacturing, agribusiness, renewable energy, logistics, digital innovation, and value-added exports. Ofosu-Adjare stressed Germany’s continued role as one of Ghana’s most reliable economic partners. “In 2024, bilateral trade reached over US$670 million, with German investments supporting key sectors such as manufacturing, agriculture, construction, and services,” she said, commending the partnership for fostering technology transfer, capacity building, and industrial growth. The Minister also acknowledged challenges faced by some German businesses operating in Ghana, including tax administration, delays in exemptions, and certification processes. “We are committed to maintaining Ghana as a transparent, predictable, and investor-friendly destination for German investments,” she affirmed. She said the Ghana–Germany partnership extends beyond trade and investment, describing it as “a collaboration to build strong value chains, create jobs for the youth, and promote inclusive and sustainable development.” Germany’s Secretary of State of the Federal Ministry of Economic Affairs and Energy, Dr. Thomas Steffen, said Ghana remains a strategic investment partner, noting that bilateral trade between the two countries had increased by 30 percent, driven by Ghana’s sound economic management and attractive investment climate. Dr. Steffen commended Ghana’s democratic stability, peaceful environment, and strategic position within the West African sub-region, adding that these attributes make the country a reliable and promising business destination. Acting GIPC CEO Simon Madjie told participants that “Ghana remains open for business,” while Dr. Mary Awusi, Acting CEO of the Ghana Free Zones Authority, thanked the German government for its continued bilateral cooperation and called for deeper collaboration and increased investment in key sectors to sustain growth and industrial expansion. Hilary S. Kodji, Executive Secretary of the Ghana–German Economic Association, praised the Ministry of Trade, Agribusiness and Industry for establishing the Business Regulatory Unit, describing it as “a very significant initiative that will help facilitate trade and investment at all levels.”
