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German Chancellor Olaf Scholz visits Ghana to boost economic relations

German Chancellor Olaf Scholz visits Ghana to boost economic relations
German Chancellor Olaf Scholz

Chancellor Olaf Scholz of is embarking on a visit to Ghana, emphasizing the strengthening of bilateral cooperation as German businesses look to become more involved on the continent.

This visit comes in the context of German companies increasingly shifting their focus to African nations amid tensions with and .

“Ghana is a stable democracy and considered a safe business location in ,” said Burkhardt Hellemann, Head of the German Chamber of Commerce and Industry in Ghana.

He explained that many German companies choose Ghana as a base for trading not only within the country but also across the region, including , , , , and more.

During his visit, Chancellor Scholz is scheduled to engage with President Nana Addo Dankwa , meet with key state authorities, visit the Kofi Annan International Peacekeeping Training Centre, and hold discussions with the German community in Ghana.

This visit aims to focus on Germany's economic relations in connection with Berlin's “Compact with Africa” initiative.

Scholz, who served as the Vice-Chancellor and Finance Minister in Merkel's grand coalition government, is now keen on fostering stronger North-South relations. He stressed the importance of cooperation among democratic countries in an increasingly complex world.

As part of Germany's efforts, the government plans to accelerate its transition from coal-fired power to renewable energy, aiming to achieve carbon neutrality sooner.

Additionally, they are focused on modernizing the country's infrastructure, including improving telecommunications networks.

Chancellor Scholz is conducting his third trip to Africa, reflecting Germany's commitment to enhancing business ties and exploring new investment opportunities in the region.

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