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EDITO
Wednesday, 18 October 2017

The Turkish government has reaffirmed its commitment to the African continent through economic and political partnerships. The European country also wants to advance on an economic cooperation model with Africa that is based on a “win-win” scenario rather than a zero sum game that produces winners and losers. Trade between Turkey and Africa is experiencing rapid growth and has reached U$16,8 billion in 2016. This figure shows that commerce with Africa has increased fourfold in comparison to its 2003 trade indicators. Turkey has been struggling to penetrate the African market because it’s not a member of the European Union.

Known as Growing Business Together (GBT), the two-year programme seeks to support early stage enterprises to access finance and coaching from experienced Ghanaian and Dutch entrepreneurs. The programme is on the theme: ‘’Accelerating young entrepreneurs’’, and would have partners such as Impact Booster of the Netherlands and the Ghana Netherlands Business and Culture Council to help in its implementation The Dutch Ambassador to Ghana, Mr Ron Strikker, in a statement, said the selected entrepreneurs would go through a nine-month GBT Academy, a GBT Coaches Programme and also participate in the GBT Startup Investment Conference as part of processes to sharpen their skills and knowledge in business.

The Board of the Ghana Netherlands Business & Culture Council (GNBCC) last week paid a courtesy visit to Vice President Dr. Mahamudu Bawumia. With members such as KLM Royal Dutch Airlines, Unilever Ghana, Wienco, the Vlisco Group, Vivo Energy, Dutch&Co, PwC Ghana and IOI Loders Croklaan, the GNBCC serves as a bilateral Chamber of Commerce for Ghana and the Netherlands. It represents the business interests of both Ghanaian and Dutch companies and renders business development and support services to its members. The Netherlands is currently Ghana's fifth largest export destination, third largest import partner and among its biggest investment partners.

Ghana and Sierra Leone have agreed to ratify the agreement for cooperation between them to provide the legal framework for addressing their trade and investment concerns. Despite the good relations that exist between the two countries, there is no framework for cooperation to guide those relations, a situation which is undermining the deepening of bilateral ties and cooperation between the two countries. The resolve of the two countries to ratify the agreement was one of the outcomes of President Nana Addo Dankwa Akufo-Addo’s one-day official visit to Sierra Leone last Wednesday. Speaking after the visit, the President gave an assurance that he would work with Parliament to ratify the agreement. The two countries signed the agreement for cooperation on December 19, 2013, but it is yet to be ratified by Ghana’s Parliament.

The African Union (AU) has launched a joint business plan that will be used by member states to implement the CAADP-Malabo declarations. The plan that runs from 2017 to 2021 will support operations at a country level that will support agriculture transformation. The plan was launched on Wednesday at the official opening of the 13th Comprehensive Africa Agriculture Development Program (CAADP) meeting taking place in Kampala. Launching the plan, the commissioner Rural Economy at the African Union, Josefa Leonal Correia Sacko said using the plan, they will negotiate with development partners to mobilise financial support to member countries.