Ramaphosa in Ghana; aims to woo businesses to invest in S.A
On Saturday, 4th December 2021, President Nana Addo Dankwa Akufo-Addo welcomed the President of South Africa, Cyril Ramaphosa, to Ghana.
President Ramaphosa is in Ghana for a two-day state visit, aimed at deepening the bilateral co-operation and the ties of friendship between Ghana and South Africa.
President Ramaphosa is visiting Ghana, Nigeria, Côte d’Ivoire and Senegal.
Announcing his visit before arriving in the country, the South African leader said “Ghana is a key strategic partner for South Africa and there are currently over 200 South African companies doing business there. Over the past decade these companies have engaged in large scale projects in Ghana representing over $1 billion in capital investment. Two South African banks, Investec and Rand Merchant Bank, have been involved in financing mass infrastructure projects such as road rehabilitation and construction, health infrastructure upgrades and railway line construction.”
President Ramaphosa’s visit is also aimed at looking at how to leverage the opportunities presented by the AfCFTA to expand the footprint of South African companies into the continent.
He is also looking at how companies from Ghana can find trade and investment opportunities in South Africa.
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