Canada to Pursue Trade and Investment Agreement with Ghana

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Foreign Affairs Media Relations Office May 15, 2013

Foreign Affairs Minister John Baird today signalled Canada’s intent to deepen trade and investment with Ghana—one of the world’s fastest-growing economies. Baird and his Ghanaian counterpart, Hanna Tetteh, agreed that finalizing a foreign investment promotion and protection agreement is a matter of priority in relations between the two countries.

“Our government is committed to increasing trade and diversifying our engagement with fast-growth countries like Ghana,” said Baird. “Ghana is very much a symbol of the new Africa—one in which aid recipients are becoming important trading partners, and political stability allows for economic dynamism.”

He added, “Such an agreement, once in effect, will help bolster investment confidence to make the most of the abundant opportunities that exist here, contributing to job creation and economic growth in both countries.

Ghana has seen extremely high economic growth in recent years, which has positive implications for the people of Ghana and for Ghana’s trading partners, including Canada. Canadians and Canadian companies are well placed to be part of Ghana’s exciting transition.

International Trade Minister Ed Fast’s trade mission to Ghana in February 2013 demonstrated Canada’s commitment to helping Canadian businesses and workers take advantage of the new opportunities such high-growth markets have to offer.