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18th September 2022 10:58:46 AM
2 mins readBy: Chris Kodo
Yofi Grant, the Chief Executive of the Ghana Investment Promotion Center (GIPC), has stated that over the past 25 years, exports from Ghana to Canada have grown dramatically.
He claims that from US$8.3 million in 1995 to US$72.2 million in 2020, Ghana's exports to Canada, which include cocoa, rubber, processed fruits, nuts, and aluminum, rose at an annual rate of 9.51%.
On the other side, significant imports into Ghana from Canada climbed by 8.97% during the same time period, including heat, automobiles, used clothing, excavators, and poultry.
He called on Ghanaians in the diaspora to come back home and take advantage of the opportunities available.
The GIPC boss was speaking at the opening of the Ghana Canada Investment Summit (GCIS) in Toronto Canada, on Thursday, September 15, 2022, according to norvanreports.com.
“It is our belief that by the close of this summit all of you will feel attracted to the idea of coming back home not necessarily to stay but to help make Ghana stronger and better through strategic partnerships and long-term investments,” he is quoted by norvanreports.com.
“Currently, the two-way merchandise statistics between Ghana and Canada has reached over US$475 million, representing a 71% increase over the figure recorded in 2020,” he said.
Trade between the two nations is undoubtedly expanding, he continued.
Regarding the reasons Ghana is a favorable place for business and investment, he pointed out that the nation is rich in resources like gold, manganese, bauxite, and even lithium, with agriculture serving as its backbone and fueling industrialization.
He continued, "That is why we say come grow in Ghana - grow with Ghana.
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