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Turkey sees $220b oil business in Ghana

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Turkey has taken notice of a promising $220 billion market of oil and oil products in Ghana. And as a result Turkey’s Foreign Economic Relations Board (DEIK) has signed an agreement with the Ghana Chamber of Commerce and Industry to open a business council in the country.

The council is expected to boost business opportunities for Turkish investors in Ghana, DEIK said in a statement on Monday.

DEIK said “The Turkey-Ghana Business Council will work as a bridge between business people of the two countries.”

According to the statement, the business council with Ghana would be the ninth of its kind in Africa and that Ghana offered a promising market of oil and oil products worth $220 billion.

Meanwhile, in July this year, the Turkish Airlines started its first flight from Accra, making Ghana the 127th destination for Turkey’s national carrier.

By Emmanuel K. Dogbevi

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