In 2022, non-oil trade between Ghana and the United Arab Emirates (UAE) will total $2.7 billion.
This is a growth of 56% over the 1.512 billion dollars reached in 2019.
The UAE’s ambassador to Ghana, Mr. Amer Al Alawi, said the accomplishment was proof of how quickly the two nations’ bilateral relations had grown during his remarks during the UAE’s 51st National Day Celebration in Accra.
The UAE and Ghana had this year inked five Memoranda of Understanding (MoU) in an effort to strengthen their diplomatic ties and advance economic progress and prosperity, he said.
Both countries agreed to set up a Ghana Investment and Promotion Centre office in the UAE to promote and attract investment to Ghana.
They also agreed to establish the Emirati-Ghanaian Business Council and enhance economic and technical cooperation.
Mr Alawi said the two countries were to have information exchange and technology equipment, geared towards improving investment opportunities.
As part of celebrating five decades of existence, the Arabian country, among other projects launched in Ghana, had built a vocational training centre to empower Ghanaian women with skills, supported with funds, to become entrepreneurs.
Mr William Owuraku-Aidoo, the Deputy Minister of Energy, applauded the remarkable developments of the UAE since 1971, which manifested in a growing relationship and shared objectives with Ghana.
He commended the United Arab Emirates for establishing various health facilities in parts of the country and the rehabilitation of the Trade Fair site.
“More bilateral investments in trade and business are needed as Ghana hosts the African Continental Free Trade Area (AfCFTA),” he said.