DEGLORY GH MEDIA

Following recent high-level discussions between Ghana and the United Arab Emirates (UAE), Emirati firms have expressed keen interest in exploring investment opportunities across key sectors of the Ghanaian economy. The talks, aimed at strengthening economic cooperation, have paved the way for enhanced collaboration between the two nations.

President Nana Addo Dankwa Akufo-Addo, during his engagements with UAE stakeholders, highlighted Ghana's political stability, strategic geographic location, and favorable business environment. He emphasized Ghana’s potential in sectors such as mining, energy, agriculture, and infrastructure, and encouraged Emirati investors to consider the country as a prime destination in Africa.

At the UAE-Ghana Business Forum, the two countries signed five Memoranda of Understanding (MoUs), including the establishment of a UAE-Ghana Business Council and various frameworks to support technical and economic cooperation. These agreements are expected to facilitate increased investment flows from the UAE into Ghana.

Additionally, the UAE has pledged $30 million to support Ghana’s climate-related initiatives, particularly in biodiversity conservation, reforestation, and sustainable agriculture. This commitment aligns with Ghana’s broader nature-climate strategy, aiming to create benefits for both the environment and local communities.

In the energy sector, Ghana’s Minister of Energy, Dr. Matthew Opoku Prempeh, presented investment opportunities to UAE firms at the Invest in African Energy event in Dubai. With established reserves and ongoing infrastructure development, Ghana offers significant prospects in oil, gas, and renewable energy.

Currently, over 68 UAE-based companies operate in Ghana, demonstrating a strong foundation for future growth. The recent agreements signal a new chapter in Ghana-UAE relations, positioning Ghana as a promising hub for Emirati investments in West Africa.