Ghana seeks double taxation, bilateral investment treaties with Trinidad and Tobago

THIS country's manufacturing sector has been recognised as a potential area of partnership with over 80 per cent Ghanaian small and medium-sized enterprises (SMEs).

This is according to the TT Chamber of Industry and Commerce (TT Chamber).

In a release on Friday, TT Chamber said it recently met with representatives from the Ghana Investment Promotion Centre (GIPC) and the Ghana Promotion Authority (GEPA).

During the meeting, the Ghanaian delegates emphasised the importance of focusing on double taxation treaties and bilateral investment treaties to further enhance trade flow between the two nations.

To facilitate this collaboration, the TT Chamber said it plans to conduct an audit of its members that are already doing business in Africa, which will serve as a starting point for future engagements.

It will also establish a liaison with GIPC to ensure efficient and effective collaboration, the release said.

TT Chamber president Kiran Maharaj said, “The opportunities in Ghana are very promising, and it is apparent that they have built an economy and business environment that attract investment from committed partners such as TT’s business community. There are several synergies regarding our culture and the way in which we do business. I am certain there will be many benefits to both countries, not just from the exchange of knowledge and expertise but from investment opportunities, partnerships, and other significant pathways.”

TT Chamber said it looks forward to fostering strong partnerships with Ghana and leveraging expertise to boost manufacturing and economic growth in both countries.