Over 25 Maltese firms keen on Ghana’s economy


Some 25 Maltese firms are keen on exploring business opportunities and partnerships in the country.

The companies are currently in the country looking at business opportunities and partnerships in various sector – including information communication, taxation and education, among others.

Chairperson of Trade Malta, Elizabeth Barboro Sant, disclosed this to the B&FT on the side-lines of the 3rd Malta Trade Forum in Accra; and said some of the companies want to set up a permanent base in the country, while others are looking for partnerships and collaboration with Ghanaians firms.

She mentioned that after two successful earlier editions of the Malta-Ghana Business Forum, leading business entities in the European country are confident in the country’s economic prospects and are here to explore the opportunities, and dig deep into the incentives and infrastructure available to support their investments.

“As we look ahead, it is clear that there are countless opportunities for collaboration and growth between Malta and Ghana. We are confident that our nations can form a powerful partnership that will drive socio-economic growth for both countries, fuel Ghana’s economic transformation and open new doors for Maltese businesses to invest in Ghana’s thriving ecosystem,” she said.

The Chairperson also revealed that the Maltese government sees Ghana as a central pillar in her country’s strategic roadmap to penetrate the African continent.

She said this has resulted in renewed commitments by both governments to work hand-in-hand to stimulate investment, accelerate business opportunities, facilitate cross-border trade and align efforts.

Some of the top Maltese companies present at the 3rd Malta-Ghana Business forum included Medsytec Engineering Ltd., Aqua Biotech Group, Pantalesco Ltd., Associated Equipment, AP Valletta Ltd., and Plex Medical.

Software experts – PTL Ltd. and the Malta College of Arts, Science and Technology (MCAST), as well as multi-function international tax advisors and law firm KSI Malta were also present.

For his part, deputy Minister of Trade and Industry Michael Okyere Baafi indicated that despite efforts in recent times to strengthen bilateral trade between the two countries, statistical data between 2010 to 2019 show very low cumulative trade volume of US$318million and a balance of trade at US$94.6million in favour of Malta.

He therefore urged the businesses to take advantage of government’s flagship programmes like One District-One Factory, development of industrial parks and special economic zones, to create investment avenues and seek investment partnerships.

“Tremendous opportunities exist for trade and investment in various sectors of our country, and I therefore suggest prospective investors gathered here should consider and focus on turning these opportunities into viable businesses,” he said.

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