President Cyril Ramaphosa arrived in Ghana for Working Visits

President Cyril Ramaphosa has arrived in Ghana to undertake working visits to the Republic of Guinea on 4 December 2019, Republic of Ghana on 5 December 2019 and the Republic of Togo on 6 December 2019.

The visits take place in the context of strengthening the already existing bilateral, political and economic relations between South Africa and the sister countries.

South Africa is one of the largest foreign direct investors in Ghana, mainly in mining, communication, beverages, retail, and franchising. Several South African companies are operating in Ghana, including, inter alia, MTN, AngloGold Ashanti, Shoprite, Goldfields, Standard Bank, First National Bank, Barclays/Absa, Multichoice and South African Airways.

South African business has a significant footprint in Guinea and Togo and some of the major South African companies operating in these countries include MTN, WBHO, AngloGold Ashanti, Gateway Africa, Plan Africa Holding Guinea SARL in Guinea and UBU Holdings in Togo. Nedbank is a shareholder in the Lomé Head-Quartered West African Bank, Eco bank.

The working visits will provide an opportunity for South Africa to explore new areas of cooperation with Guinea, Ghana and Togo, and to promote increased trade and investment flows to the mutual benefit of the peoples of the four countries.

In November 2019, President Nana Addo Dankwa Akufo-Addo left Ghana for Johannesburg, South Africa, to attend the Second Edition of the Africa Investment Forum.

The Forum, was organized by the African Development Bank and its partners, is the largest multi-stakeholder and multi-disciplinary marketplace in the world, aimed at raising capital, advancing projects to bankable stage, and accelerating financial closure of deals.

Source: Kofi Atakora/Joydaddymultimedia.com

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