Ghana and Canada are taking steps to strengthen their economic relationship and create more business opportunities following a 50% increase in trade between the two countries.

The move follows a meeting between President John Dramani Mahama and Canadian Prime Minister Mark Carney on the sidelines of the Commonwealth Heads of Government Meeting (CHOGM) in St. John's, Antigua and Barbuda.

During the meeting, the two leaders discussed ways to expand trade, attract investment and deepen economic cooperation between Ghana and Canada.

According to a statement from the Canadian Prime Minister's Office, trade in goods between the two countries increased by 50% last year, while Canadian exports to Ghana rose by 35%.

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The leaders welcomed the recent signing of a Letter of Intent, which will guide discussions towards a broader economic cooperation agreement between the two countries.

The proposed agreement is expected to create new business and investment opportunities, particularly in renewable energy, mining, critical minerals and infrastructure development.

It could also provide opportunities for Canadian companies to expand their operations and investments in Ghana.

The two leaders also discussed efforts by their respective governments to build stronger economies capable of withstanding global economic challenges.

The meeting underscored the growing economic relationship between Ghana and Canada and their shared interest in expanding cooperation beyond existing trade activities.

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President Mahama and Prime Minister Carney agreed to remain in close contact as both countries work towards strengthening their partnership.

DR/MA

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