Africa Connected

Ghana is a “growing economic giant” according to High Commissioner

The recent discovery of oil and gas in Ghana provide a silver lining to the struggling commodoties markets in the area. Where gold and cocoa have traditionally driven income, falling prices have left Ghana's earnings in negative territory.

The abundance of water, and potential farmland lying idle, provides a range of opportunities in the agricultural sector.

According to South African High Commissioner to Ghana, Lulu Xingwana, these conditions should present an attractive market for South African farmers – with people also needing training.

I believe the economy has got cycles, the economy is down, prices are down – it's an opportunity for investors

Lulu Xingwana, High Commissioner to Ghana

When the tide turns they will benefit because they will already be in the system

Lulu Xingwana, High Commissioner to Ghana

But Ghana has suffered a number of issues with reliable energy supply. According to Standard Bank, the country wants to involve independent power producers – private firms building and operating power plants in the country - in its attempts to establish consistent supply.

Commenting on the energy supply issues, Xingwana says opportunities for South African entrepreneurs lie not only in generator provision, but also in renewables – especially solar and hydro systems.

The High Commissioner spoke of having a generator at home and at the embassy, unfortunate costs added to the price of doing business in Ghana...

Many businesses have suffered, some have retrenched, cut down on their staff – some have had to find alternative ways of producing energy

Lulu Xingwana, High Commissioner to Ghana

According to the High Commissioner, Ghanaians are interested in mining in South Africa and in selling textiles – seeking to open markets for the iconic products they already produce.

Pineapple, pawpaw and mango are Ghanaian fruit products alreading being sold in Europe but which might be seen on shelves of local retailers, thanks to a memorandum on trade being finalised with the Department of Trade and Industry.

Click here to access the Africa Connecter portal or click below to watch Nikiwe's chat with Lulu Xingwana over lunch...


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