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Equatorial Guinea lauds Ghana’s diversified, stable economy

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Mr Gregorio Boho Camo, the Equatorial Guinea President of the Bioko Chambers of Commerce, Agriculture and Forestry, has lauded Ghana’s diversified and stable economy, saying his country needed to imitate Ghana to develop her other sectors.

He said Ghana had great business potentials and rich experience in diversification that Equatorial Guinea could learn from to develop its economy and to wean it off sole dependency on oil.

Mr Camo made the remarks on Monday at a Business Forum organised to receive Ghanaian business delegates attending the third Solo Exhibition of Made in Ghana goods in Malabo, the country’s capital.

He described Equatorial Guinea as a country that was equally competitive and held business prospects for the Ghanaian business community both home and abroad.

Mr Camo commended Ghana for the long-standing bilateral relations and expressed optimism that it would continue.

He also extolled the Ghana Export Promotion Council (GEPC) for organising another exhibition in their country.

Mr William Ntow Boahene, Ghana’s Ambassador to the country noted that 2010 had witnessed positive events for both countries citing the holding of the third Session of the Ghana-Equatorial Guinea Permanent Joint Commission for Cooperation in Accra.

President John Evans Atta Mills made a historic State visit to Equatorial Guinea in May this year with a reciprocal visit by President Obiang Nguema Mbasogo to Ghana in September.

Mr Boahen said: “The trade agreement signed between the two countries in 2004 has been reviewed and a joint trade committee will be set up to ensure effective implementation of the agreement”.

He expressed the hope that the exhibition would promote and enhance trade relations between both countries.

“There is no doubt that the opportunities for mutually beneficial cooperation between our two countries are enormous. It is our fervent hope that the fruitful cooperation between Ghana and Equatorial Guinea will become a model and show-case for South-South Cooperation,” he said.

Mr Kwadwo Owusu Agyemang, Chief Executive Officer of GEPC said the purpose of the exhibition was to show-case Ghana and its products to the country and the rest of the world.

He called on the citizenry to patronise the exhibition.

Mr Agyemang asked for reciprocal exhibition in Ghana.

Source: GNA

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