Ghana, Germany Strengthen Trade & Investment Ties for Sustainable Growth – Trade Minister
The Minister for Trade, Agribusiness and Industry, Hon. Elizabeth
Ofosu-Adjare, has reaffirmed Ghana’s commitment to deepening economic
cooperation with Germany to drive sustainable industrial growth, job creation,
and technology transfer.
Speaking at the Ghana–Germany Business Roundtable held in Accra on
Monday,3rd November,2025 at the Ghana Investment Promotion Center,
(GIPC) Hon. Ofosu-Adjare lauded the long-standing partnership between the two
nations, describing it as a model of mutual trust and shared prosperity.
She highlighted Ghana’s recent economic progress, noting that “inflation
is falling, public debt is declining, and investor confidence continues to
rise.” According to her, these developments reflect the government’s strong
commitment to fiscal discipline, sound policy reforms, and the creation of a
business environment that rewards innovation and long-term investment.
The Minister outlined several flagship initiatives under her Ministry
aimed at accelerating industrial transformation. These include the 24-Hour
Economy and Accelerated Export Development Programme, the Feed the Industry
Initiative, and the Rapid Industrialization for Jobs Agenda. She explained that
these programmes are opening up new opportunities in manufacturing,
agribusiness, renewable energy, logistics, digital innovation, and value-added
exports.
Hon. Ofosu-Adjare further acknowledged Germany’s pivotal role as one of
Ghana’s most trusted 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 stated,
commending the partnership for fostering technology transfer, capacity building,
and industrial growth.
Addressing challenges faced by some German businesses operating in Ghana,
including tax administration, delays in exemptions, and certification processes,
The Minister assured that her Ministry is working closely with relevant
agencies to address these concerns. “We are committed to maintaining Ghana as a
transparent, predictable, and investor-friendly destination for German
investments,” she affirmed.
Minister concluded by emphasizing that the Ghana–Germany partnership
goes beyond trade, describing it as a collaboration to build strong value
chains, create jobs for the youth, and promote inclusive and sustainable
development.
In his remarks, the Secretary of State of the Federal Ministry of
Economic Affairs and Energy, Dr. Thomas Steffen, underscored Ghana’s status as
a strategic investment partner. He noted that bilateral trade between the two
countries had increased by 30 percent, attributing the growth to Ghana’s sound
economic management and attractive investment climate.
Dr. Steffen further praised Ghana’s democratic stability, peaceful
environment, and strategic geopolitical position within the African sub-region,
stating that these attributes make the country a reliable and promising
business destination for the future.
The Acting Chief Executive
Officer of GIPC, Mr. Simon Madjie,
also engaged participants on key issues such as taxation, reiterating that “Ghana remains open for business.”
In her closing remarks, the Acting Chief Executive Officer of the Ghana
Free Zones Authority, Dr. Mary Awusi, expressed appreciation to the German
government for its continued bilateral cooperation. She called for deeper
collaboration and increased investment in key sectors of the Ghanaian economy
to sustain growth and industrial expansion.
Mr Hilary S. kodji,
The Executive Secretary of the Ghana- German Economic
Association commended the Ministry of Trade Agribusiness & Industry for
setting up the Business Regulatory Unit which he described as a very
significant initiative that will help facilitate trade & investment at all
levels.
