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Germany is the Place to do Business in Europe

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Speaking about the advantages of favourable German economic policies for Ghanaian enterprises Mr. Abels, mentioned oportunities and obstacles for growing Ghanaian-German trade relations.

Mr. Abels speaking on Ghanaian-German trade relations
Mr. Abels speaking on Ghanaian-German trade relations© German Embassy Accra

Germany, in the heart of Europe, has the largest economy in Europe with a 22 % share of Eurozone GDP, it is the most innovative nation in Europe and it is one of the most accessible, liberal and stable social markets. Mr. Bernhard Abels, Chargé d’Affaires of the Federal Republic of Germany in Ghana and Head of the economic section of the German Embassy mentioned these facts when he was speaking as Special Guest of Honour at an Entrepreneurs’ Breakfast Meeting, organized by Action Chapel International, in Accra on 27th August 2016.

Speaking about the advantages of favourable German economic policies for Ghanaian enterprises Mr. Abels pointed out that Ghana is an important partner for Germany. The frequency of official visits and meetings as well as the numerous German organizations which are active in Ghana reflect the special relationship between Ghana and Germany.

In the field of economic relations, the German Embassy aims at improving conditions for Ghanaian-German business relationship. Along with the Embassy three other private or German subsidized organizations work towards this end: the Delegation of German Industry and Commerce AHK, the Ghanaian-German Economic Association GGEA and the correspondent of Germany Trade and Invest as official representation of the German Ministry of Economics.

Mr. Abels speaking on Ghanaian-German trade relations
Mr. Abels speaking on Ghanaian-German trade relations© German Embassy Accra

Mr. Abels lauded the already existing trade relations, but also observed: “There is a lot of room for improvement and growth in Ghanaian-German trade.” As some of the main obstacles in Ghana he mentioned that international standards in the area of sanitary and phyto-sanitary controls are still not met and that unpredictable bureaucratic measures often discourage foreign investors. On the other hand Mr. Abels said that the measures of the Ghanaian government to tackle the macroeconomic situation and the deficit in the public budgets point in the right direction. Furthermore, the signing and ratification of the interim Economic Partnership Agreement EPA is a key point for future European Ghanaian trade relation. He encouraged the audience to work together to help German businesses come to Ghana and pledged to disseminate all good news about Ghana in Germany.

Audience at the Entrepreneur's Breakfast Meeting
Audience at the Entrepreneur's Breakfast Meeting© German Embassy Accra

At the end of the event Ghanaian and international entrepreneurs and members of the Diplomatic Corps had the opportunity to gain further insight in the Ghanaian-German business relations at the information stand of AHK and GGEA in the conference hall.

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