Turkey targets $1bn trade with Ghana by 2020

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The Ambassador of Turkey to Ghana, Nesrin Bayazit, has said she is targeting US$1 billion in trade volumes between the two countries by 2020.

“In 2016, trade volume between Turkey and Ghana reached US$480 million, which made Ghana Turkey’s third largest trade partner in Sub-Saharan Africa, but we want to improve on it significantly,” she told footprint to Africa last week at her office in Accra, ahead of the 94th Turkish National Day celebration.

Ambassador Bayazit believes that with renewed commitment and increased collaboration, especially among Turkish and Ghanaian businesses, the two countries can achieve the $1 billion target.

As part of efforts to promote trade and strengthen economic ties, a Joint Economic Committee between Turkey and Ghana has been established, with emphasis on exploring new areas of trade, as well as strengthening existing ties.

There will also be a Turkish Business forum in November, to be organised together with the Ghana Investment Promotion Centre, to encourage more business activities between the two countries and ultimately, increase trade.

According to the Ambassador, the Turkish ggovernment has identified agriculture and industrialisation, particularly, Ghana’s Planting for Food and Jobs and One Village-One Dam initiatives, as areas it intends to support.

In her view, these represent areas that if well-supported, could move the country beyond aid, as it is the vision of President Nana Akufo Addo’s led administration.

“Agriculture, education and tourism are also promising sectors for bilateral cooperation. Turkey is ready to share her experience with Ghana in these fields as well,” she added.

About Turkey National Day

On every October 29, the Government and people of Turkey celebrate the proclamation of their country’s republican status, which was attained in 1923.

Commenting on the occasion, Ambassador Bayazit explained that Turkey is the successor state of the Ottoman Empire, which lasted over 600 years.

The empire was a big multinational, multi-religious and multi-ethnic empire which dominated three continents:  Asia, Africa and Europe.

It will be observed in Ghana today, with a cocktail reception for Turkish citizens and Ghanaians, as well as the business community.

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