The Bulgarian Ambassador to the Federal Republic of Nigeria, H.E. Yanko V. Yordanov, and the Consul of Bulgaria to Ghana, Mr. Nicolaas van Staalduinen, paid a courtesy call on the GNCCI on February 28, 2023.

The purpose of the visit was to strengthen the bilateral relationship between the two countries. The Chief Executive Officer of the GNCCI, Mr. Mark Badu-Aboagye, welcomed the delegation and expressed delight at the continued efforts of the two countries to enhance economic cooperation.

H.E. Yordanov during the meeting, reiterated Bulgaria’s commitment to enhancing trade ties with Ghana, particularly in agriculture, pharmaceuticals and information technology and encouraged Ghanaian businesses to seize the opportunities available. He also noted that while Ghanaians tend to prefer doing business with only the USA and a few EU countries, there are more significant prospects available in Bulgaria. 

The President of the Chamber Mr. Osei-Amoako expressed his appreciation for the ambassador’s interest in Ghana’s economic development. He highlighted several investment opportunities available in Ghana, particularly in agriculture and manufacturing. Mr. Osei-Amoako noted that as an EU member state, Bulgaria presents significant potential for Ghanaian businesses to tap into. 

He also acknowledged the capacity of Bulgaria to support Ghana’s economy in several areas, including the provision of scholarships for Ghanaian students to study in Bulgaria, the establishment of a mechanized agricultural system in Ghana, and investments in other significant sectors to promote Ghanaian economic growth.

Dr. Mrs. Emelia Assiakwa, the National Treasurer of the Chamber, commended the Bulgarian government and delegation for their efforts and reiterated the need for scholarship support for Ghanaian students, emphasizing that such a move would have a tremendous impact on both countries’ economies, increased trade and investment as well as employment.

The meeting ended with both parties agreeing to sign a Memorandum of Understanding (MoU) to further explore ways to deepen economic cooperation between the two countries.  As the global economy continues to evolve, this partnership is very key in driving economic growth and development.