Business
Canada Hails Ghana as ‘Natural Fit’ Partner for Trade Expansion and Diaspora Engagement
Canada’s Senior Trade Commissioner in Accra has described Ghana as a “natural fit” economic partner, citing aligned priorities in agriculture, infrastructure development, and diaspora engagement as key drivers for significantly boosting bilateral trade and investment in the coming years.
Waqas I. Yousafzai made the remarks during an interview with Radio Ghana in Accra on January 13, 2026. While acknowledging that current two-way trade stands at just under $500 million, a figure he described as falling short of true potential, Yousafzai stated that Ghana’s strategic positioning and policy focus make it an attractive gateway for Canadian businesses in West Africa.
“Ghana’s focus on agriculture, infrastructure and diaspora engagement makes the partnership a ‘natural fit’,” Yousafzai told Africa Publicity.
The Senior Trade Commissioner and Commercial Counsellor at the High Commission of Canada to Ghana said those areas align closely with Canada’s new Africa Strategy, which prioritizes trade expansion, sustainable development, and coordinated public-private partnerships (PPPs).
The Commissioner noted that Ghana and Canada have maintained diplomatic relations for over a century, encompassing trade, development cooperation, defence, immigration, and people-to-people ties.
However, the relationship is entering a more strategic, business-driven phase, with Canada keen to support Ghana’s private sector and industrial growth through PPPs that link development aid to commercial opportunities.
Key Sectors for Collaboration
Agriculture and Value Addition: A major focus area, where Canada can contribute expertise in mechanization, food processing, packaging, and cold-chain logistics. Yousafzai pointed to Ghana’s Feed Ghana Programme and proposed district agro-processing centres as ideal entry points for shifting from raw commodity exports to higher-value processing.
Infrastructure and Clean Technology: Opportunities in PPPs for roads, water treatment, and environmental projects. Canadian firms could assist with pollution mitigation from illegal mining (galamsey), including managing risks from mercury and cyanide contamination.
Responsible Mining and Critical Minerals: Canada, a global leader in ESG standards, remains interested despite declining mining assets in Ghana. Yousafzai stressed the need for policy consistency, regulatory clarity, security of tenure, and decisive action against galamsey to restore investor confidence and unlock collaboration in critical minerals.
Education and Clean Tech: Additional sectors for PPP-driven growth, leveraging Canada’s strengths in sustainable technologies.
Strategic Positioning via AfCFTA
Yousafzai praised Ghana’s role as host of the AfCFTA Secretariat, positioning the country as a potential hub for broader Canada-Africa trade.
He called for improved harmonized customs systems across the continent to fully realize the bloc’s potential, noting that Canada prefers engaging with large trade blocs while remaining open to bilateral arrangements.
Air Transport Agreement and Diaspora Links
A significant catalyst for growth is the Air Transport Agreement signed in early 2025, which will enable direct passenger and cargo flights—up to 14 weekly passenger and 10 cargo services—starting mid-2026. This will reduce travel time and costs, facilitating business, tourism, and family connections.
With over 100,000 Ghanaians living in Canada, the diaspora plays a central role in driving skills transfer, remittances, investment, and trade flows. Yousafzai highlighted how these community ties strengthen people-to-people bonds and create practical pathways for business growth.
Outlook and Call for Execution
Expressing optimism due to strong policy alignment and Ghana’s regional importance, Yousafzai concluded:
“The opportunity is there. What we need now is execution.”
This renewed push aligns with Canada’s first global Africa Strategy, launched in March 2025, which aims to foster shared prosperity and security through enhanced economic engagement.
For Ghana, it signals potential inflows of Canadian capital, technology, and expertise to support industrialization, sustainable development, and job creation under the Mahama administration’s economic reset agenda.
Business
Ukraine Eyes Major Wheat Flour Production Facility in Ghana to Tap Into West Africa’s Growing Market
The Ukrainian government is actively exploring establishing a wheat flour production facility in Ghana, a move aimed at strengthening bilateral agricultural cooperation and expanding Kyiv’s foothold in West Africa’s rapidly growing wheat market.
The proposal was disclosed following a high-level meeting on April 8, 2026, in Accra between Ghana’s Minister of Food and Agriculture, Eric Opoku, and Ukraine’s Deputy Minister of Agrarian Policy and Food, Denys Bashlyk.
Officials described the proposed industrial project as an extension of a Memorandum of Understanding (MoU) signed between the two nations in November 2025. That agreement seeks to create a hub for processing and distributing Ukrainian agricultural products in Ghana and the broader West African region.
Strategic Push into a Booming Market
While specific details—including the plant’s location, investment cost, and production capacity—have not yet been made public, the initiative is expected to boost Ghana’s domestic wheat processing capabilities significantly.
Ghana’s demand for wheat-based products—including bread, biscuits, pasta, pastries, instant noodles, and pizza—has been rising steadily. According to data from the United States Department of Agriculture (USDA), Ghana’s wheat imports surged by 56.7% over four years, rising from 697,309 tonnes in 2022 to 1.09 million tonnes in 2025.
For Ukraine, the project represents a strategic opportunity to gain a stronger presence in the Ghanaian market, where it currently has little footprint. As the world’s fifth-largest wheat exporter—after Russia, Canada, the United States, and Australia—Ukraine exported approximately 20.6 million tonnes of wheat in 2024.
From Raw Exports to Value-Added Processing
The development highlights growing interest by Eastern European agricultural powerhouses in investing directly in African processing infrastructure.
Rather than relying solely on raw commodity exports, countries like Ukraine are seeking to reduce dependence on volatile global markets by establishing local milling and distribution networks.
Such investments allow producer nations to capture more value along the supply chain while helping African nations reduce their reliance on imported finished products. For Ghana, a local Ukrainian-backed flour mill could stabilize supply, create jobs, and potentially lower costs for consumers.
Officials from both sides have indicated that feasibility studies are underway, with further announcements expected once technical and financial assessments are complete.
The project aligns with Ghana’s broader agenda to enhance food security, attract foreign direct investment in agriculture, and position itself as a regional agro-processing hub.
Business
Netherlands Reclaims Position as World’s Top Exporter of Cocoa Products, Ghana Remains Key Supplier
Amsterdam, Netherlands – The Netherlands has overtaken Germany to become the world’s leading exporter of cocoa products in 2025, recording €12.4 billion in exports, according to new data from Statistics Netherlands (CBS).
The sharp rise in export value was driven by elevated global cocoa prices and strong international demand for semi-processed cocoa products used in chocolate manufacturing.
Nearly three-quarters of Dutch cocoa exports consist of intermediate goods such as cocoa butter, cocoa powder, and chocolate liquor, which are shipped to manufacturers across Europe and North America.
Germany remains the largest single market for these exports, followed by Belgium, France, the United Kingdom, and the United States.
West African countries, particularly Côte d’Ivoire and Ghana, continue to serve as critical suppliers of raw cocoa beans feeding Dutch processing hubs, especially around Amsterdam and the Zaanstreek industrial area.
The sustained high prices have been linked to poor harvests in West Africa caused by adverse weather conditions in recent years.
For Ghana, the development underscores its continued strategic importance in the global cocoa supply chain.
However, it also highlights the longstanding imbalance in the industry, where African nations primarily export raw beans while European processors capture the majority of the value through further processing and re-export of higher-value products.
Economists argue that while Ghana benefits from strong demand for its beans, greater investment in local processing capacity and industrialisation is needed to retain more value domestically and reduce heavy reliance on raw commodity exports. The Netherlands’ dual role as a major importer of raw beans and leading exporter of processed cocoa products further cements its position as Europe’s cocoa trading powerhouse.
Business
Ghana Nears Approval of Cannabis Licences as Country Prepares to Launch Regulated Industry
Accra, Ghana – Ghana’s Narcotics Control Commission (NACOC) is in the final stages of reviewing applications for cannabis licences, with successful applicants expected to receive approval to begin operations soon, marking a significant milestone in the country’s efforts to develop a legal and regulated cannabis sector.
Deputy Director-General for Enforcement, Control, and Elimination, Alexander Twum-Barimah, disclosed this while speaking at the Kwahu Business Forum on Saturday.
He emphasised that the review process has been “thorough and deliberate” to ensure that only applicants who fully meet all legal, regulatory, and security requirements are granted licences. NACOC officials engaged with potential investors at the forum’s exhibition stand, providing details on various licence categories, including cultivation, processing, distribution, and export.
Mr Twum-Barimah stressed that the commission is committed to building a properly regulated industry that creates legitimate economic opportunities while maintaining strict controls to prevent misuse and illegal activities.
“The goal is to strike a balance between enabling economic development and safeguarding public health and security,” he said.
All licence holders will be subject to ongoing monitoring and compliance checks.
The development signals Ghana’s intention to harness the economic potential of cannabis through job creation, investment, and export revenue, while aligning with international best practices in regulation. Further updates on the licensing process are expected in the coming weeks.
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