Ghana and Suriname consider sharing trade data to boost economic ties

Economy & Investments Ghana and Suriname consider sharing trade data to boost economic ties
FEB 26, 2024 LISTEN

Ghana and Suriname have taken steps to strengthen their bilateral trade relationship through an agreement to share vital shipment and market data.

Officials from both West African and South American nations see the move as unlocking new opportunities for businesses.

At a trade discussion on Thursday, February 22, involving Ghana Shippers Authority CEO Kwasi Baffour Sarpong and Suriname's Ambassador to Ghana Fidelia Graand-Galon, the two sides expressed strong support for establishing regular data exchange.

“We are eager to work with Suriname's representatives on a proposal to begin sharing cargo, customs, logistics and other trade information," Mr. Sarpong said as quoted by Ghana Today.

He explained that giving Ghanaian traders insight into Suriname's import-export landscape and coastal access to South America would help them capitalize on unique local resources.

“By pooling our knowledge and resources, the countries aim to facilitate trade, reduce costs and foster vibrant economic activity," Mr. Sarpong added.

Ambassador Graand-Galon echoed the view, describing the data collaboration as "an excellent initiative and first step toward discovering full potential for expanded trade and investment."

She said robust information flow between the nations would uncover new market opportunities on both sides.

Isaac Donkor Distinguished
Isaac Donkor Distinguished

News ReporterPage: IsaacDonkorDistinguished