Ghana seeking to increase trade with Sweden

Ghana is looking to increase trade with Sweden.

Swedish Minister for Trade Ewa Björling received a trade delegation from Ghana, headed by Minister for Trade and Industry Hanna Tetteh. Their meeting focused on potential ways of increasing trade between Sweden and Ghana.

Ghana is Sweden’s third largest trading partner in sub-Saharan Africa. In 2010, exports to Ghana were worth over SEK 1.3 billion (1 Swedish krona = 0.14713 U.S. dollars). At present, Swedish business interests are mainly concentrated on ICT and mining, but smaller companies in other industries have also set up operations in the country. One such example is Viasat, which is attempting to break into the Ghanaian television market.

Over 20 Swedish companies currently have offices in the country. There is a great deal of interest in Swedish environmental expertise, as is evident, for example, in the project that the Raw Materials Group is running together with Ghana s Environmental Protection Agency on recycling of electronic waste.

Ghana is Sweden’s third largest trading partner in sub-Saharan Africa. Currently Swedish business interests are mainly concentrated on ICT and mining, but smaller companies in other industries have also set up operations in the country. One such example is Viasat, which is attempting to break into the Ghanaian television market. Over 20 Swedish companies currently have offices in the country. There is a great deal of interest in Swedish environmental expertise, as is evident, for example, in the project that the Raw Materials Group is running together with Ghanas Environmental Protection Agency on recycling of electronic waste.

The business climate in Ghana is good for a developing country, and very good compared with most African countries. Over the past decade, Ghanaian governments have maintained a consistently high level of ambition and pace of reforms with regard to industrial policy. Ghanas political stability is probably the factor that is most appealing, particularly in a region that has been known for its turbulence but where many companies want to set up operations to take advantage of good business opportunities.

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