Accra, Ghana – Ghana has renewed its call for stronger trade and investment ties with Switzerland, with bilateral trade between the two countries reaching a record $4.35 billion in 2024. Speaking at the Fourth Swiss Business Lunch in Accra, Minister for Trade, Agribusiness, and Industry, Mrs. Elizabeth Ofosu-Adjare, praised Swiss companies for their significant contribution to Ghana’s economy and job creation. She highlighted Ghana’s economic progress, including a drop in inflation to 8%, the cedi being Africa’s best-performing currency in 2025, and a GDP growth of 6.3% in the second quarter.
The Minister outlined major tax reforms, including the abolition of the COVID-19 levy and reductions in VAT, expected to return GH¢5.7 billion to businesses and households. She encouraged Swiss investors to explore opportunities in sectors such as agro-processing, renewable energy, pharmaceuticals, and digital technology, supported by government initiatives like the 24-Hour Economy and the Big Push infrastructure programme. Swiss Ambassador Simone Giger reaffirmed Switzerland’s commitment to deepening economic cooperation with Ghana, citing the country’s stability, skilled workforce, and expanding market opportunities as attractive investment prospects.
The event provided a platform for interaction between Ghanaian officials and Swiss business leaders, with discussions focusing on promoting intra-Africa trade, ensuring a smooth banking system in the West Africa sub-region, and protecting industries operating in Ghana. The Ghanaian government assured its dedication to supporting private sector growth and strengthening Ghana-Swiss economic cooperation, with both parties expressing optimism about the potential for mutual growth and development.
Ruth Abla ADJORLOLO
