Ghana has signed two communiques to establish diplomatic relations with Madagascar and St. Lucia, along with a bilateral investment protection agreement with Trinidad and Tobago. The moves aim to boost trade and intra-African cooperation, with discussions on the upcoming Commonwealth meeting, where Ghana’s Foreign Minister is a leading candidate for Secretary-General.
Ghana has formally established diplomatic relations with Madagascar and St. Lucia, as evidenced by the recent signing of two communiques by Ghana’s Foreign Minister, Shirley Botchwey, during brief ceremonies held at the United Nations General Assembly. In these ceremonies, Ms. Botchwey signed on behalf of Ghana, while her counterparts Ms. Rasata Rafaravavitafika (Madagascar) and Mr. Alva Baptiste (St. Lucia) signed for their respective nations. During their discussions, Ms. Rafaravavitafika and Ms. Botchwey emphasized the importance of enhancing intra-Africa trade, with Ms. Rafaravavitafika announcing Madagascar’s intention to join the African Free Trade Area (AfCFTA) pact next month. Ghana, known for being an early signatory of the AfCFTA and hosting its secretariat in Accra, is poised to benefit from this regional trade agreement. Additionally, Ghana’s Foreign Minister Shirley Botchwey and Dr. Amery Browne, the Foreign Minister of Trinidad and Tobago, signed an Agreement on the Reciprocal Promotion and Protection of Investment (ARPPI). This agreement is designed to enhance bilateral trade by fostering economic cooperation, upholding investors’ rights, and preventing unlawful expropriation. Dr. Browne expressed delight at the signing, noting, “Indeed, it’s a great day,” while Ms. Botchwey echoed this sentiment during their handshake and exchange of documents. Although current trade volumes between Ghana and Trinidad and Tobago remain modest, the presence of Republic Bank in Ghana signifies a growing economic relationship. Furthermore, the ministers discussed the forthcoming Commonwealth Heads of Government Meeting (CHOGM) scheduled for next month in Samoa. Ms. Botchwey stands as a leading candidate to succeed Baroness Patricia Scotland as Secretary-General of the Commonwealth. Additionally, she has engaged in bilateral talks with Lord Collins, the British Under-Secretary of State for Foreign, Commonwealth and Development Affairs, as well as with Mr. Joseph Andall, the Foreign Minister of Grenada.
The establishment of diplomatic relations between Ghana, Madagascar, and St. Lucia reflects Ghana’s ongoing efforts to strengthen its foreign relations and enhance economic cooperation within Africa and the Caribbean. Ghana’s role as a host for the AfCFTA secretariat emphasizes its commitment to promoting intra-African trade, positioning itself as a key player in regional economic integration. The signing of the Reciprocal Promotion and Protection of Investment agreement with Trinidad and Tobago illustrates Ghana’s initiative to boost bilateral trade through legal frameworks that protect investors and promote economic growth.
In conclusion, Ghana’s recent advancement in foreign diplomacy through the establishment of relations with Madagascar and St. Lucia, alongside the investment protection agreement with Trinidad and Tobago, underscores its commitment to fostering economic relationships both regionally and internationally. These developments not only enhance trade opportunities but also position Ghana as a leader in promoting trade agreements within Africa.
Original Source: www.modernghana.com
