Ghana, Suriname consider data sharing to expand trade

By Richard Aniagyei, ISD || Contributor
Business & Finance Ghana, Suriname consider data sharing to expand trade
FEB 26, 2024 LISTEN

As part of efforts to strengthen economic ties between Ghana and Suriname, the Ghana Shippers Authority (GSA) has advocated for robust information exchange and data sharing between the two nations.

In his remarks at a trade discussion in Accra last Thursday that involved top officials from both countries, the Chief Executive of the GSA, Mr Kwasi Baffour Sarpong, reiterated the authority’s interest in forging closer collaboration with Suriname's embassy in Ghana.

"We at the GSA are extremely eager to work hand-in-hand with Suriname's representatives on a proposal to begin sharing highly valuable shipment data and market insights that would unlock major opportunities for companies in both our nations," Mr Sarpong noted.

He stated that establishing regular, open data exchange on cargo, customs processes, logistics networks and other trade-related information would help Ghanaian traders better navigate Suriname's emerging market and capitalise on its unique resources and coastal location.

“By pooling knowledge and leveraging each other's resources, the two countries aim to significantly smooth bilateral trade facilitation, reduce costly barriers and foster a vibrant economic environment that benefits Ghanaian and Surinamese businesses alike,” he added.

On her part, Suriname's Ambassador to Ghana, Fidelia Graand-Galon, echoed the need for enhanced information flow, describing the GSA's proposed data collaboration as an excellent initiative and the first step toward discovering the full potential for expanded trade and investment between the nations.

These high-level trade talks indicate mutual interests on both sides for stronger data-sharing accords.

By tapping into Suriname's wealth of natural resources and strategic access to South America's Atlantic coast while leveraging Ghana's expertise in West African trade networks, the two countries hope expanded data collaboration would help diversify bilateral commerce, reduce inefficient barriers and drive prosperity across both emerging markets.