Video Report: UK optimistic about trade relations with Ghana

After over 150 years of trade relations with Ghana, the United Kingdom has established a Chamber of Commerce in Ghana.

The UK-Ghana Chamber of Commerce (UKGCC), is expected to boost trade relations between the two countries.

Bilateral trade figures between Ghana and the UK has taken a nose dive over the last three years. Trade in goods and services between the two countries fell from £1.3 billion in 2013 to £ 1 billion in 2014 and 2015 figures due out soon are projected to be worse.

Speaking at the launch of the chamber of Commerce, the UK High Commissioner to Ghana, Jon Benjamin, expressed optimism that UK businesses will help add value to Ghana’s raw materials.

Ghana’s Foreign Affairs Minister, Hanna Tetteh, who was also at the UKGCC launch, urged the Chamber of Commerce to find ways of putting up a better structure to promote trade in all the possible products that can find their way onto the UK market from Ghana and onto the Ghanaian market from the United Kingdom.

The chamber, which currently has a membership of 20 companies, will promote, foster, and represent UK business interests in Ghana.

It would also support Ghanaian companies looking to export into the UK or looking for British businesses to partner with.