Peru, Ghana push for stronger trade and investment ties

Peruvian Ambassador to Ghana, Liliana Gómez, has called for deeper bilateral trade relations between the two countries, building on their 38 years of shared values in democracy, human rights, and sustainable development.

She made the call at the second edition of the Peru-Ghana Trade and Investment Forum, a hybrid event held under the theme: “Strengthening Trade and Investment between Peru and Ghana: Exploring Opportunities in Agribusiness and Sustainable Mining.”

Ambassador Gómez said the forum sought to spotlight high-potential sectors such as agribusiness and sustainable mining, positioning both countries as co-creators of inclusive trade growth. She highlighted Peru’s newly inaugurated Megaport of Chancay as a gateway for Ghanaian goods into South America with advanced connectivity to Asia-Pacific markets.

She further noted that Ghana’s strategic geographic position and its dynamic role within the African Continental Free Trade Area (AfCFTA) provided Peruvian businesses with significant access to West African and continental markets.

On behalf of Ghana, Mrs Nana Krah Ansah-Agyei, Director of the Economic, Trade and Investment Bureau at the Ministry of Foreign Affairs, commended the two countries for their strong bilateral ties and urged greater collaboration in untapped sectors.

She outlined opportunities in agribusiness, mining, fisheries, textiles, pharmaceuticals, automobiles, and SME development as complementary strengths for mutual benefit.

Despite our cordial relations, Ghana and Peru have yet to fully explore their trade potential. With the MoU on political consultations, we are ushering in a new era of cooperation,” she said, emphasising the importance of public-private partnerships under South-South cooperation.

Bilateral trade between the two countries reached US$27.4 million (approx. GHS 420 million) in 2023, with Ghana’s exports to Peru rising by 33.5% and Peru’s exports to Ghana growing by 33.3%.