The Minister for Trade and Industry of Ghana, Alan J. Kyerematen, visited Mexico from the 21st to the 26th of October, 2017, heading a delegation of officials and business people, with the purpose of participating in the 15th edition of the Mexico Business Summit.
The Mexican Agency for International Development Cooperation (AMEXCID), the Mexican Embassy in Ghana, ProMéxico and the Mexican Business Council for Foreign Trade, Investment and Technology (COMCE), integrated a rich agenda that the Minister of Trade and Industry of Ghana, Alan J. Kyerematen, took part in during a productive visit that took place from October 21 to 26.
These actions seek to help both countries, and they serve as a gateway to trade and investment between Africa and Latin America.
In the framework of the 15th edition of the Mexico Business Summit, held in San Luis Potosí from October 22 to 24, Minister Kyerematen was a speaker on the panel, “Facing the urgent need to develop new business partners and the diversification of exports”, together with Yasushi Akahoshi, President of Japan External Trade Organisation (JETRO), and Chun Beeho, Ambassador of the Republic of Korea.
Subsequently, Kyerematen travelled to Mexico City, accompanied by the delegation made up of officials from the Ministry of Trade and Industry, the Ghanaian Ministry of Foreign Affairs and Regional Integration, the Ghana Investment Promotion Center (GIPC), as well as a group of businessmen with interests in sectors such as: construction, agro-industry, energy (oil and renewable), transportation and services, among others.
During their stay in this city, the authorities and representatives of the private sector of Ghana participated in the “Mexico – Ghana Business Dialogue” in which the Chairman of the Committee Mexico-Economic Community of West African States (ECOWAS) of COMCE, recognised this visit as an opportunity to boost bilateral economic exchanges.
Minister Kyerematen held meetings with members of the Mexican federal cabinet, including the Ministries of Economy and Energy, and with the Directors-General of ProMéxico and Bancomext. He also met with the deputy Minister of Foreign Affairs, Ambassador Carlos de Icaza, on behalf of Minister Luis Videgaray. With the above-mentioned officials, he shared the objectives and progress of Ghana’s industrial development program and Ghana´s potential to become a strategic economic partner of Mexico.
These actions which seek to help both countries serve as a gateway to trade and investment between Africa and Latin America, taking advantage of the commercial instruments that each one maintains within its own regions and with third markets in North America and the European Union.
This is the first high-level visit that has taken place since Mexico reopened its Embassy in Ghana in 2014 and it is the result of joint actions carried out with a view of strengthening bilateral ties in economic, political and cooperation matters.
With an accelerated growth of 9 percent of GDP in the second quarter of 2017, Ghana represents an attractive window of opportunity for Mexican companies seeking to broaden their horizons and consolidate their economic and commercial ties with non-traditional markets.
Ghana is the second largest economy in West Africa, with a stable socio-political climate, a robust rule of law, an attractive business environment and a strategic geographical position. According to the International Monetary Fund (IMF), Ghana is on track to be one of the three fastest growing economies in 2018.
These types of activities are part of the diversification strategy of economic relations in Mexico, with special attention to a continent that is home to 7 of the 10 most dynamic economies in the world.