• Home
  • Sports
  • Cricket ๐Ÿ
    • Football ๐Ÿˆ
      • Olympic
      • Tennis ๐ŸŽพ
  • Opinion
  • Fitness
  • Cycling ๐Ÿšด
  • Football ๐Ÿˆ
  • Golf โ›ณ
  • Tennis ๐ŸŽพ
  • Swimming๐ŸŠ
  • Badminton ๐Ÿธ

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Loading
What's Hot

Lamine Yamal Handed Iconic No.10 Shirt at Barcelona

July 18, 2025

Pakistan Set for Semis After Beating Iran in U-16 Volleyball

July 18, 2025

Jofra Archer Eyes Final India Tests, Ashes Return

July 17, 2025
Facebook Twitter Instagram
Trending
  • Lamine Yamal Handed Iconic No.10 Shirt at Barcelona
  • Pakistan Set for Semis After Beating Iran in U-16 Volleyball
  • Jofra Archer Eyes Final India Tests, Ashes Return
  • Pakistan Enters Asian U-16 Volleyball Semi-Finals
  • Asif Reaches Last 16, Shahid Exits IBSF World Masters
  • PCB Launches Revamped Three-Tier Domestic Cricket Structure
  • Pakistan Storms into U-16 Volleyball Quarterfinals
  • England Beat India by 22 Runs in Lordโ€™s Thriller
Facebook Twitter
theteampk
Demo
  • Home
  • Sports
  • Cricket ๐Ÿ
    • Football ๐Ÿˆ
      • Olympic
      • Tennis ๐ŸŽพ
  • Opinion
  • Fitness
  • Cycling ๐Ÿšด
  • Football ๐Ÿˆ
  • Golf โ›ณ
  • Tennis ๐ŸŽพ
  • Swimming๐ŸŠ
  • Badminton ๐Ÿธ
theteampk
Home»News & Politics»Ghana Extends Invitation to Pakistani Businesses for Manufacturing Investment
News & Politics

Ghana Extends Invitation to Pakistani Businesses for Manufacturing Investment

The Team PKBy The Team PKJuly 13, 2023Updated:July 14, 2024No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

KARACHI: Eric Owusu Boateng, the High Commissioner of Ghana to Pakistan, extended an invitation to the business and industrial community of Karachi, urging them to establish manufacturing units in Ghana. He highlighted that Ghana provides a safe, secure, and stable environment for foreign investors, earning the reputation of being an “Oasis of Peace” in West Africa. The High Commissioner made these remarks during a visit to the Karachi Chamber of Commerce and Industry (KCCI).

Boateng emphasized the overwhelming advantages that Ghana offers to potential investors and stressed the need to identify mutually beneficial areas to deepen trade, investment, and economic relations between the two countries. He proposed the exchange of trade delegations, participation in trade fairs, and joint programs to enhance collaboration between Pakistan and Ghana.

The High Commissioner highlighted key sectors in which the Ghanaian government seeks foreign investments, including pharmaceuticals, textiles, garments, and tourism. He highlighted Ghana’s high literacy rate of around 80 percent, which provides access to a highly educated labor force that can be further trained as per specific requirements. Boateng also mentioned that Ghana has the most competitive minimum wage in the region.

Ghana has a population of approximately 35 million and is a member of the Economic Community of West African States (ECOWAS). Boateng emphasized that Ghana serves as a gateway to the vast ECOWAS market, which has a population of 316 million and a gross domestic product (GDP) of around $615 billion.

Boateng expressed regret over the lack of direct flights between Pakistan and Ghana but assured that connecting flights would take only about seven hours to reach Ghana, which boasts the leading airport in West Africa. Additionally, Ghana has two major sea ports, enhancing its connectivity and trade potential.

Mohammed Tariq Yousuf, President of KCCI, acknowledged the immense trade potential between Pakistan and Ghana but highlighted the low volume of trade. He mentioned that Pakistan’s exports to Ghana amounted to only around $53 million, while imports from Ghana were $2 million during July-May 2022-23. Yousuf emphasized the need to enhance economic relations and increase trade between the two countries.

Boateng highlighted Ghana’s peaceful democratic political climate, which has remained stable for the past 30 years. He emphasized the peaceful transfer of power regardless of which political party wins, assuring a stable environment with a strong rule of law that encourages private sector investment.

Boateng stressed the importance of translating the warm political relations between Ghana and Pakistan into strong economic ties, emphasizing the significance of government-to-business and business-to-business engagements. He emphasized the role of the private sector as a crucial stakeholder in achieving common goals and called for increased activities and collaborations to deepen economic relations between the two countries.

#Ghana #Investment #Pakistan
Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Avatar photo
The Team PK
  • Website
  • Facebook
  • Twitter

Related Posts

21st Westbury National Tennis Championship Kicks Off in Karachi

July 11, 2025

The Future of E-Sports: Whatโ€™s Next for Competitive Gaming?

January 10, 2025

South Africa Triumphs Over Pakistan in Thrilling Test Match Finish

December 30, 2024

Leave A Reply Cancel Reply

Demo
Our Picks
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Football ๐Ÿˆ

Lamine Yamal Handed Iconic No.10 Shirt at Barcelona

By The Team PKJuly 18, 2025

Three days after celebrating his 18th birthday, Lamine Yamal was awarded one of the highest…

Pakistan Set for Semis After Beating Iran in U-16 Volleyball

July 18, 2025

Jofra Archer Eyes Final India Tests, Ashes Return

July 17, 2025

Pakistan Enters Asian U-16 Volleyball Semi-Finals

July 17, 2025

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Loading
About Us

The Team PK is a leading Independent news-based website that leads the youth of Pakistan in projecting their country as a progressive nation. Our focus is to project an original image of Pakistan.

Email Us: theteampkofficial@gmail.com

Our Picks
New Comments
    Facebook Twitter
    • About Us
    • contact-us
    • Disclaimers
    • Privacy Policy
    • TERMS AND CONDITION
    • Write-for-Us
    © 2025 The Team Pakistan

    Type above and press Enter to search. Press Esc to cancel.