Israel, whose agricultural technology and inputs are worth roughly $1.2 billion, has stated that it is willing to collaborate with local businesses to increase Ghana’s local production.
This would be accomplished by establishing long-term partnerships between Israeli and Ghanaian businesses, sharing information, and financial support for the agricultural industry.
This action aims to improve SMEs (Small and Medium-sized Enterprises) capacity to produce for the domestic market and access markets offered by the African Continental Free Trade Area in Ghana (AfCFTA).
There has been significant progress in financial technology (fintech) and cyber technology, according to Ms Ayelet Levin Karp, the outgoing Head of Trade and Economic Mission, Embassy of Israel, in an interview with the Ghana News Agency in Accra.
She made this comment outside of a ceremony welcoming Mr Yaniv Tessel as the new Head of Trade and Economic Mission, Embassy of Israel, as Ms Karp’s term in office came to an end.
According to Ms Karp, there are numerous opportunities to explore various economic sectors through partnerships, particularly agricultural production.
“There’s so much more that can be done especially producing locally in Ghana. A lot of companies are now into AfCFTA, so, we’re looking at joining hands with local partners to manufacture locally for West Africa and Africa.” Ms Karp said.
She added that It is actually now a good time to come to Ghana because there are new opportunities in the production of organic fertilizers and other agriculture ventures.
The Ghana-Israel Business Chamber’s General Secretary, Mr Edem Yevutsey, added that the Chamber would keep working with the Embassy to expand trade between the two countries.
He reaffirmed the Chamber’s commitment to fostering business relationships between Ghanaian and Israeli businesses in the fields of fintech, cybersecurity, energy, and agriculture.
The newly appointed Head of the Trade and Economic Mission, Mr Tessel, expressed his enthusiasm for the existing economic ties between Ghana and Israel, which he described as “a foundation” for him to expand.
He promised to cooperate with all Mission partners and forge new ties to enhance trade between Ghana and Israel as well as the number of Israeli companies operating there.