Ghana delegation visits to finalise investment deal with Jersey

Wednesday 23 March 2022

An investment deal between the island and Ghana has moved a step closer after a delegation from the West African country visited last week.

Jersey and Ghana are seeking to finalise a ‘Bilateral Investment Treaty’, which provides additional protections and fair treatment to investors operating between the two jurisdictions.

The treaty would be the second of its kind concluded by the Government after an agreement with the UAE was signed in Dubai last November.

The delegation to Jersey included representatives from Ghana’s Ministry of Foreign Affairs and Regional Integration, the Ghana Investment Promotion Centre, and the Ministry of Finance.

As part of the visit, Ghanaian officials also discussed methods of increasing cooperation between the two jurisdictions. This follows a successful Jersey delegation to Accra in December for the first round of treaty discussions.

External Relations Minister Ian Gorst, said: “We were delighted to welcome colleagues from the Government of Ghana for this important visit. Good progress was made in negotiations over the course of the week.

“Bilateral Investment Treaties are a key and tangible way in which the Government of Jersey can support industry by creating a secure and stable platform for investment decisions. The inbound delegation from Ghana signals our intent to conclude the agreement swiftly and for the benefit of both jurisdictions.”