At the opening of the CalBank Trade Summit in Turkey, Ghanaian businesses were urged to explore export opportunities to drive growth and bolster economic resilience, especially in the face of a challenging 2024.
Daniel Appiah, the Head of Commercial Banking at CalBank Plc, stressed the significance of export activities for economic stability, noting that while the Ghanaian currency fluctuates, the dollar remains stable. He pointed out that if local businesses export more, they would bring in foreign currency, thereby contributing to the country’s economic growth.
A number of Ghanaian companies are participating in the summit, aiming to build partnerships, explore new markets, and gain international visibility.
Felix Boadu, CEO of Earthlink Ltd, a construction company, explained to the media that he was in Turkey to learn from the local construction industry to improve his business back in Ghana.
Following the summit’s opening, Business-to-Business (B2B) sessions provided a platform for Ghanaian firms to connect with Turkish entrepreneurs and investors. This summit follows past successful B2B engagements that have helped Ghanaian companies secure international contracts and partnerships.
On her part, Banu Sönmez, Founder and CEO of Global Eternity, who led the Turkish delegation, encouraged ongoing collaboration between the two nations. She also urged Ghanaian businesses to improve product quality to attract investors and expand their presence in Turkey.
Although trade between Ghana and Turkey continues to grow annually, Turkey remains the larger exporter, with exports to Ghana reaching $421.25 million in 2022, according to the UN COMTRADE database.
The Ghanaian delegation is set to continue their trade mission in Dubai, where they will participate in further B2B engagements as part of the summit’s activities.
Source: TheDotNews