$80m investments too little for Egypt-Ghana relations, says ambassador

Salma El-Wardani , Wednesday 8 Dec 2010

$80m in investments id too little for Egypt-Ghana relations, says Ambassador Omar at the Ghana-Egypt Trade and Investment Seminar.

Egyptian Trade with Ghana is next to zero. (Photo: Reuters)

"$80 million in investment volume between Ghana and Egypt is too little for the deep relation between both countries," said Assistant Foreign Minister for Africa affairs, Ambassador Mona Omar, on ‘Investment Opportunities in Ghana’ this morning during the opening of the Ghana-Egypt Trade and Investment Seminar.

"We’re looking forward to boost trade and investment relations between both countries," added Omar, who praised the historical relations between Egypt and Ghana since the time of President Abdel Nasser and President Kwame Nkrumah, describing the Egyptian-Ghanaian relations as "close family ties."

Also attending the opening were Mahama Ayariga, deputy minister of trade and industry, Osama Saleh, GAFI chairman, and Ghanaian ambassador Amin Amidu Sulemani, who insisted that the investment atmosphere in Ghana is appropriate for foreign investments in general and for the textile sector in particular.

Both sides agreed on the importance of revitalizing the Joint Ghanaian-Egyptian Committee, and promoting economic and trade relations to the level of political relations given the successful presence of a number of Egyptian companies and investments operating in the Ghanaian market, including Arab Contractors, the United Engineers, Egypt Air, El-Sewedy, Alkan and Egypro.

The two sides also addressed the interest of the Egyptian private sector has in entering the Ghanaian market in the fields of fertilizers, cement and transport.


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