Representatives of both countries agreed to work on pressing issues
South African President Cyril Ramaphosa recalled the strong economic ties between the two countries during the 2nd session of the South African-Ghana Bi-National Commission. This is reported by Pretoria News, a partner of TV BRICS.
According to him, South Africa is the largest importer of Ghana's products in Africa and third compared to all other countries in the world. The leader recalled that South African companies have invested about US$1.4 billion in 53 projects across Ghana between January 2003 and January 2024.
"South Africa and Ghana have untapped economic potential and much more needs to be done, both with regards to growth of total trade and the diversification of products to high-value manufactured exports"
Cyril Ramaphosa South African President
He welcomed delegates from the second side led by Ghana's President Nana Akufo-Addo.
"We are pleased to host this business forum to explore business opportunities that enhance our bilateral economic relations," Cyril Ramaphosa said.
South African delegates representing over 150 companies and their Ghanaian counterparts from 78 companies in discussion groups agreed that the inability of African businessmen to trade directly and cost-effectively using national currencies needs to be addressed. The parties agreed to work on this issue.
Photo: IStock-
![]()
Economy16.08.26Oman plans to increase share of renewable energy to 90–100% by 2050 -
![]()
Economy16.08.26Kazakhstan increases poultry meat production by 58% over five years -
![]()
Economy15.08.26Thailand’s trade with FTA partners climbs 21.8% in first half of 2026 -
![]()
Economy15.08.26Kenya targets 3,000-tonne annual bixa production -
![]()
Economy14.08.26Iran proposes dedicated financial corridor for BRICS countries -
![]()
Economy14.08.26Kyrgyzstan prepares to launch production of electric vehicles under national brand
-
![Sergey Lavrov]()
Sergey LavrovRussian Foreign Minister"A Joint Statement of the Foreign Ministers has been adopted. It provides a clear and principled assessment of the situation on the international stage and outlines the tasks that will be addressed in accordance with previous decisions by heads of state and governments. No one doubts that additional documents on sectoral areas of cooperation will be developed ahead of the SCO summit in Bishkek. Energy, artificial intelligence, healthcare and a number of other areas were also mentioned" -
![Nitin Gadkari]()
Nitin GadkariIndia's Union Minister for Road Transport and Highways"Our resolution has just been passed. It is very important as far as the BRICS countries are concerned, which cover 40 per cent of the world's population. We are committed to the futuristic development of the transport sector, to create cooperation, coordination and communication between the stakeholders. This resolution indicates a lot of new technology and innovation in the transport sector. It covers the road sector, railways, aviation and water transport" -
![Anutin Charnvirakul]()
Anutin CharnvirakulPrime Minister of Thailand"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"
