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Ghana, Dubai To Raise Trade Target To $5B

Ghana, Dubai To Raise Trade Target To $5B

From Ghana Web

The Dubai Chamber of Commerce and Industry has set an ambitious target to increase trade between Ghana and Dubai to $5 billion in the next five years. Currently, the volume of trade between Ghana and Dubai stands at $2.5 billion.

President of the Dubai Chamber of Commerce and Industry, Hamad Buamim, disclosed this at the official opening of the Dubai Chamber office in Accra.

“We are here for a long term, and our vision is to double the volume of trade between Ghana and Dubai in the next five years,” he said.

Mr. Buamim, who also doubles as the Chief Executive Officer of the Dubai Chamber, said Ghana’s exports to Dubai last year, which were mostly gold and cocoa, stood at $2 billion while Dubai’s exports to Ghana the same period stood at $500 million.

“Dubai is not worried about the trade imbalance which is skewed in favour of Ghana because we are hopeful the gap will be bridged in the foreseeable future,” he said.

He said members of the Dubai Chamber was excited about the economic prospects and numerous investment opportunities in the country and would work hard to attract investment to those sectors.

Read more at Ghana Web