UK’s international development minister visits Ghana ahead of January’s summit
Ahead of the UK-Africa Investment Summit on January 20, 2020, UK’s international development minister Baroness Sugg visited Ghana to strengthen trade and investment ties between the countries.
October 11, 2019: Ahead of the UK-Africa Investment Summit on January 20, 2020, UK's international development minister Baroness Sugg visited Ghana to strengthen trade and investment ties between the countries.
Co-hosting the UK-Ghana Business Council alongside the Ghanaian vice president Mahamudu Bawumia, Sugg discussed how UK aid and investment can help Ghana move beyond aid by creating jobs, boosting growth and driving its huge economic potential.
During her visit, she launched a new partnership between the London Stock Exchange and the Ghana Stock Exchange, which will see the UK share its world-class city of London expertise to help Ghana become a regional hub for financial services.
She also championed the use of UK aid to help businesses in Ghana in a range of sectors. This includes helping garment companies scale up their exports globally and supporting agri-businesses become more productive, competitive and attractive for investors.
Sugg noted, "Ghana is set to be one of the world's fastest-growing economies this year and our flourishing partnership is helping to create jobs, improve access to basic services and boost economic growth, all of which are vital to ending poverty. Building strong African markets will help attract quality investment from around the world and encourage more trade in the future. The UK-Africa Investment Summit in London next year will help further unlock the potential of African nations."
The UK and Ghana already enjoy strong economic ties. UK imports of goods from Ghana increased by 143.7 percent in the year to April 2018.
Africa is home to some of the fastest emerging economies in the world and the UK-Africa Investment Summit 2020 will provide a platform to promote the breadth and quality of investment opportunities across Africa.
The Summit will bring together businesses, governments, and international institutions and will be a key milestone towards achieving the UK's objective of becoming the largest G7 investor in Africa.