ACCRA, June 6, 2023 – The volume of trade between Ghana and Bulgaria has surged by over 140% in recent years, with Ghana benefiting from a favorable balance of trade. In a sign of their commitment to further deepen relations, the two countries came together on Tuesday to mark the commencement of a protocol for the establishment of bilateral consultations. The signing ceremony, held in Accra, aimed to foster mutual benefits for both nations.
Representing the Republic of Ghana, Hon. Kwaku Ampratwum-Sarpong, Deputy Minister for Foreign Affairs and Regional Integration, signed the protocol. On behalf of Bulgaria, H.E. Mr. Yanko Vasilev Yordanov, the Ambassador of the Republic of Bulgaria to Ghana, affixed his signature. The ceremony highlighted the shared determination to enhance cooperation across various sectors.
During his address, Hon. Ampratwum-Sarpong emphasized the significance of the protocol, stating that it provides an excellent opportunity for both countries to strengthen collaboration in key areas of mutual interest. These areas include Agriculture, Manufacturing, Education, Health, Technology, and Energy, among others. The Ghanaian representative also hailed Ghana’s investor-friendly environment, urging Bulgarian investors to explore the numerous business opportunities available in the country.
Hon. Ampratwum-Sarpong expressed gratitude to the Bulgarian Government for its ongoing cooperation in the field of education. He commended Bulgaria for providing training programs in Medicine, Tourism, Journalism, and International Relations to Ghanaian nationals. The Deputy Minister called for further cooperation, particularly in the vital sectors of Agriculture, Engineering, and Information Communication Technology (ICT), which are crucial to Ghana’s development.
In his remarks, Ambassador Yordanov conveyed his appreciation to the Government of Ghana for its cooperation with Bulgaria at both bilateral and multilateral levels. He expressed Bulgaria’s readiness to commence political consultations with Ghana and conveyed his country’s eagerness to deepen cooperation in the fields of education and agriculture. Furthermore, the Ambassador stated that Bulgarian agricultural universities were prepared to collaborate with their Ghanaian counterparts by sharing knowledge and expertise, thereby promoting the development of Ghana’s agricultural sector.
The signing of this protocol between Ghana and Bulgaria signals a promising era of increased trade and closer collaboration. With the trade volume already surging by over 140% in recent years, the balance of trade in favor of Ghana underscores the potential for further growth and mutual benefits. The renewed commitment to cooperation in areas such as Agriculture, Manufacturing, Education, Health, Technology, and Energy paves the way for a more robust and fruitful partnership between the two countries.
As Ghana continues to position itself as an attractive destination for foreign investment, Bulgarian investors are encouraged to explore the numerous opportunities that the country offers. Similarly, the exchange of knowledge and expertise between Bulgarian and Ghanaian agricultural universities holds the promise of significant advancements in the agricultural sector, benefiting both nations.
