Ghana and Rwanda are considering trade and investment partnership opportunities to boost the economies of the two countries.
This came to light at a virtual summit held to promote the exchange of goods and services between the two countries
The targeted areas include Agriculture, Manufacturing and Industrial Services.
The virtual summit was organized under the auspices of the Rwanda Development Board (RDB) and the Ghana Export Promotion Authority (GEPA).
This is the first Rwanda-Ghana Business Summit which was facilitated by the Rwandan High Commission in Ghana.
Opening the session, the High Commissioner of Rwanda to Ghana, Dr Aisa Kirabo Kacyira, said praised the positive relations between Rwanda and Ghana and expressed the hope that the establishment of a chancery in the country will help businesses in both countries to connect and do business.
“It is about creating relationships and partnerships in the face of boosting intra-Africa tourism and trade,” she added.
The Deputy Chief Executive Officer of GEPA, Samuel Dentu said the business and investment summit would create the necessary interactions and deepen ties between the two countries.
“Trade between Rwanda and Ghana is very low. It is imperative for our two countries to intensify our trade relations. Today is an engagement we hope will bring meaningful collaboration between Rwanda and Ghana,” he said.
Trade data available showed that Ghana exported goods worth US$10,000 and US$46,000 in 2018 and 2019, respectively to Rwanda.
Similarly, Ghana’s imports from Rwanda have been negligible.
Mr Dentu said the low trade flows between the two countries presented huge opportunities for trade.
He said due to the Covid-19 Pandemic, physical interactions had significantly reduced limiting market promotional events to online platforms and in some cases, hybrid events.
“We have had to adjust to the new normal by organizing virtual promotion activities to augment and create beneficial networks, new trade deals and establish market connections for our cherished exporters,” he said.