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AfricaMoney | August 23, 2017

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Ghana

Ghana, Mauritius enter trade agreement

Dev Chamroo, CEO, Enterprise Mauritius (Source: www.ghanaweb.com)

Bilateral trade ties between Ghana and Mauritius received a boost as a trade and investment agreement was entered into by the Ghana Investment Promotions Centre (GIPC) and Enterprise Mauritius on September 19.

Mawuena Trebarh, Chief Executive Officer (CEO) of GIPC, signed the agreement on behalf of the West African nation while Dev Chamroo, CEO, Enterprise Mauritius signed for the island nation.

Mauritius, with a population of 1.3 million and a land mass of 2,000 square kilometers, shares a growing trade relationship with Ghana. Over the last 20 years, Mauritius has established 42 different businesses in Ghana with a combined value of operations of about $1 billion.

Chamroo said that Mauritius is interested in leveraging opportunities for Ghana’s oil and gas, construction, ICT, healthcare and manufacturing sectors.

He noted that Mauritius is strategically located along the trading route between Asia and Africa and has emerged into a major source of quality products and services. The island economy is presently exporting over 1500 products lines to 150 countries worldwide.

He elaborated that main items for exports include refined sugar and special sugars, sea food, agricultural rum, wheat flour, processed food, fresh fruit and vegetables, jewelry and cut diamonds. The island nation also produces footwear, leather garments and accessories, among others.

Ken Poonoosamy, managing director, Board of Investment (BoI), said that with the booming trade opportunities in Africa, these emerging economies need adequate infrastructure to support incoming investments.

He said that the trade agreement would allow Mauritius to share its experiences for enhancing infrastructure with Ghana. He highlighted the initiative taken by the BoI to tap into the growing investing opportunities in Africa by organizing the investment prospecting mission from September 16-20 in Lagos, Nigera and Accra, Ghana.

The 50-member Mauritian business delegation to Ghana was headed by Azad Dhomun, the Roving Ambassador for Africa at the Ministry of Foreign Affairs, Mauritius.

Source: Daily Guide Ghana

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