The world is now a global village and trans-border trade among nations in the world is just a click of a button away. Due to competitive advantage, it does not make economic sense for any country to want to produce all the basic needs of its citizens. Thus, it is sometimes cheaper to import a particular product overseas than to make it locally.
Consequently, international trade has become an integral part of the development of a country. Just like in any open market trading activity, your success depends on how well you strike a deal with the right trading partners, with a win, win situation.
Ghana as a country has benefited enormously from its engagement in bilateral agreements and trade with other countries. The country enjoys technical, economic, health, and educational aid from its trade allies. Aside from the direct aids and grants the nation gets, she also gains from the foreign investments made in the economy.
One of Ghana's strong trading partners in Germany. The main products exported from Ghana to Germany are cocoa and crude oil, with vehicles, chemical products, and machinery being the main products from Germany. Bilateral trade between the two countries was valued at 628 million euros as of 2018. The President's trip to Germany on the 22nd is aimed at deepening the ties of co-operation and bonds between the two countries.
As part of the activities of the President, he addressed the Ghana-Germany trade forum on 24th August. In his speech, he told the forum about the enabling environment the country has for businesses to thrive. He made mention that a country is a place where accountability, rule of law, and respect for human rights are entrenched in our body politics.
He further stressed on our the economy of the country has seen improvement despite the impact of the coronavirus pandemic. "Indeed, with the economy of many countries around the world in recession, having recorded negative growth in 2020, largely as a result of the COVID-19 pandemic, Ghana's economy was one of the very few that still managed to make a positive GDP growth, albeit a very modest 0.9%", he said.
But there was a mixed reaction when he posted his speech on his official Facebook page. Most Ghanaians think what he said didn't reflect on the ground and have expressed their disappointment at the President's speech
Some of the comments include;
Francis Owusu wrote " this old man can lie"
Dogbey Justice wrote " great work done my president"
Marlon Kobby wrote "speaking plenty grammar for the old lady to say it ok I have canceled your country's debt for you... but you lie bad.. she does not go hear that grammar"
Moses Delali Kunyabor wrote "reading speeches here and there without positive impact. Newscaster or News anchor"
Opetenana Ofori Attah wrote "everyday economy this, economy that but no difference"
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