South Africa and Ghana signed cooperation agreements Saturday aimed at bolstering ties.
They signed a Memorandum of Understanding on cooperation in agriculture and cooperation in trade and investment, among others.
“We wish to see increased trade in more value-added products between our two countries,” South African President Cyril Ramaphosa, who is on a two-day visit to Ghana, said during the inaugural Ghana-South Africa Bi-National Commission.
According to Ramaphosa, increased political and economic cooperation between the two countries could not come at a more opportune time as they both strive to rebuild in the wake of the coronavirus pandemic.
“The pandemic highlighted the need for the continent to become more self-sufficient through industrialization and increased manufacturing capacity,” he said.
Ramphosa further added that South Africa and Ghana, as part of a continental collective, need to work together through bilateral and multilateral avenues to advance the African economic integration and development agenda as envisaged in Agenda 2063.
The Ghana Investment Promotion Centre now says there are more than 200 South African companies registered in Ghana employing 20,000 Ghanaians and 500 expatriates.
“Over the past 10 years, South African companies have undertaken over 170 projects in Ghana with a capital investment valued in excess of 1US billion,’’ said Ramaphosa.