The Ghana Jobs and Economic Transformation (JET) programme delegation along with representatives of the Ghana Investment Centre, and industry members from Ghana from the automotive, pharmaceuticals and textile sectors met with members of the Madras Chamber of Commerce and Industry on October 10, 2023.
The main agenda was to discuss the potentials for bilateral trade and Investment between Ghana and Tamil Nadu in particular and India in general. The focus sectors were manufacturing, automobile, pharmaceuticals, nutraceuticals and textiles. Mr Eugene Tettey Sangmorte, the Team Leader of the UK Ghana JET programme said, “We are here to forge deeper relationships with companies in Tamil Nadu, to take advantage of the burgeoning opportunities in Ghana and the AfCTA (African Continental Free Trade Agreement) through investments, partnerships and bilateral trade agreements.”
Mr Edmund Ofoli Onyame, Senior Investment Promotion Officer, Ghana Investment Centre, assured the Tamil Nadu industry representatives, “Ghana is ready to facilitate investment into all key sectors with incentives of tax holidays, import duty waivers and specific policy designed to promote investment and integration with focus sectors.” They also took questions on current trade regulations, export regulations and other concerns that were expressed by the Tamil Nadu industry representatives.
The Madras Chamber was part of facilitating this first step in setting up trade relations with Ghana and is also looking forward to a forthcoming trade mission from Tamil Nadu to Ghana to take this relationship forward.