Ghana-Switzerland bilateral trade reaches $3bn in 2023

Ghana’s exports to Switzerland surged to an impressive $3 billion in 2023, positioning Switzerland as Ghana’s top export partner. This marks a significant increase from the $1.5 billion recorded in 2019, underscoring the growing trade relationship between the two nations.
Speaking at a reception celebrating the 733rd anniversary of Switzerland’s founding, Ambassador Simone Giger of Switzerland to Ghana highlighted that Ghana retained its status as the second-largest trading partner with Switzerland in Sub-Saharan Africa, following South Africa.
The event, which marked Switzerland’s National Day, celebrated the country’s democratic institutions and prosperity since the adoption of its constitution in 1848.
The grand diplomatic reception was attended by high-ranking officials, including ambassadors, government representatives, chiefs, and executives of Swiss businesses, as well as members of the Swiss community in Ghana.
Ambassador Giger emphasized the ongoing development cooperation between Ghana and Switzerland, reflecting the strong economic and trade ties between the two countries.
She also introduced Switzerland’s new cooperation framework with Ghana, set to run from 2025 to 2028.
This framework aims to foster inclusive development by working closely with Ghanaian partners in areas such as strengthening strategic value chains, investing in youth skills development, supporting effective decentralization, and scaling renewable energy solutions.
Representing the Ghanaian government at the event, Mr. Francis Asenso-Boakye, Minister for Roads and Highways, praised Ghana’s stable political climate, security, and democratic credentials, which have made the country a welcoming home for foreign investors and businesses.
He noted that over 55 Swiss companies, including Nestlé (GH) Ltd, Accra Brewery, and Barry Callebaut, have invested in Ghana, contributing significantly to the country’s socio-economic development.
Mr. Asenso-Boakye also highlighted the positive trade balance in Ghana’s favor with Switzerland, particularly with the $3 billion trade volume recorded in 2023.
He emphasized that Ghana’s attractiveness as an investment destination has been further enhanced by the operationalization of the African Continental Free Trade Area (AfCFTA).
The Minister invited more Swiss companies to explore the benefits of investing in Ghana, particularly in partnership with local businesses, to strengthen the private sector and create more jobs for the country’s youth.
He expressed gratitude to Switzerland for its continued financial and technical support to Ghana, particularly in peace and human security cooperation.
Switzerland is a key sponsor of the Kofi Annan International Peacekeeping Training Centre (KAIPTC) in Accra, further cementing the strong bilateral relationship between the two countries.