Ghana and Czech Republic Strengthen Economic Ties with Focus on Trade, Technology, and Investment
Ghana and the Czech Republic have pledged to deepen bilateral cooperation, with both nations eyeing expanded trade and investment partnerships across key sectors. This commitment was made during the Ghana-Czech Business Cooperation Seminar in Accra, attended by President John Mahama and Czech President Petr Pavel, who is on a three-day state visit.
President Mahama highlighted opportunities for collaboration in industrial machinery, auto assembly, agro-processing, and the development of integrated supply chains. He noted that Ghana’s strategic location, youthful population, and resource base, paired with the Czech Republic’s technological expertise, create a powerful foundation for mutual economic benefit.
Citing trade data, Mahama pointed out that while Czech exports to Ghana stood at $20.82 million in 2023, Ghana exported roughly $1.12 billion to the Czech Republic. Rather than view this trade imbalance as a problem, he framed it as a chance for diversification and growth.
Mahama also promoted Ghana’s role as a West African hub, particularly under the African Continental Free Trade Area (AfCFTA), and invited Czech businesses to explore opportunities in Ghana’s fast-growing digital economy, healthcare, manufacturing, and real estate sectors. He noted that the recent repeal of the e-levy opens new space for Czech FinTech and digital infrastructure companies.
President Pavel affirmed his country’s readiness to invest in sectors such as food processing, satellite tech, and healthcare. He praised Ghana’s political stability, vibrant economy, and leadership in regional peace as key reasons for strong bilateral engagement.
Calling for action beyond promises, Pavel encouraged stakeholders to convert goodwill into impactful results, assuring Czech support in realizing shared development goals.
