Maiden Trade And Investment Mission To Brazil

Before the euphoria of the 2014 World Cup in June, World Trade Centre, Accra decided to organise its first trade and investment mission to Brazil to afford Ghanaian and Brazilian business operators the opportunity to explore trade opportunities and deepen bilateral ties between the two countries.

The mission, led by the Chairman of World Trade Centre Accra, Togbe Afede XIV, took the Ghanaian delegation first to Rio de Janeiro, the tourism capital of Brazil where the delegation had the privilege of visiting the world acclaimed Christ the Redeemer statue and Sugarloaf Mountain.

As part of the mission, World Trade Centre Sao Paolo hosted the Ghana-Brazil Summit in Sao Paolo which was well attended by captains of Brazilian Industries and some state agencies such as the EXIM Bank of Brazil and Export Promotion Agency of Brazil.

Members of the Ghanaian business delegation included; SAS Finance Group, Glory Oil, Ghana Airport Company Ltd, City Auctions Mart, Fugar & Co, Heward-Mills & Co, Med-Scientific, Nerjet Ghana Ltd, Pidoo’s Ventures, Philiyanco Ltd, Proko Gh Ltd, Weston Group of Companies, Royal Air Ghana Ltd, Silicon Valley Associates, Andrade Gutierrez and Queiroz Galvao.

Commenting on the significance of the mission, Togbe Afede XIV said, the investment mission was impressive which provided participating delegates an opportunity to conclude business joint venture deals with their Brazilian counterparts.

He revealed that the delegation visited the headquarters of Queiroz Galvao SA in Rio de Janeiro, the company responsible for the redesigning and construction of the Kwame Nkrumah Circle interchange, and the rehabilitation and extension of the Tamale Airport runway and Andrade Gutierrez Group, an investment holding company which is about to commence work on the eastern corridor roads with Odebrecht JV.”

Ghana and Brazil have a long standing trade and bilateral relations. In 2012, trade between Ghana and Brazil stood at US$ 400 million, and it’s growing at a faster rate.

Presently, there are several Brazilian companies undertaking infrastructural development projects in the country.

Among such projects include projects such as the development of the Accra Airforce Base, Kwame Nkrumah Circle, Tamale Airport, and tranches five and six of the Eastern Corridor Project are well underway.

Brazil as well provided a total of US$4.6million in concessionary loans in 2013 to boost the country’s economy, while US$350million is expected in 2014.

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