Iran, Ghana set to boost economic ties

Iran and Ghana opened their joint economic commission in Accra on Tuesday to stimulate developmental road-map to strengthen bilateral relations at both governmental and private sector levels.

Alhaji Muhammad Mumuni, the Minister of Foreign Affairs and Regional Integration of Ghana, said the two-day talks would also examine the 2008 Memoranda of Understanding signed between the two countries at the end of their third joint commission meeting in Tehran.

He said the long standing relations between the two nations had produced tangible benefits, stressing that: "The permanent joint commission for cooperation has become a vehicle for enhancing development between our countries".

The Iranian delegation headed by Iranian Agriculture Minister Sadeq Khalilian, according to IRNA.

"Iran was committed to strengthen cooperation with African countries especially Ghana in the area of economics, trade, agriculture and technological transfer, Khalilian said.

He added that the government was committed to the implementation of provisions of the MOU.

The 2008 MOU sought to strengthen bilateral cooperation in agriculture, research and technology transfer in the development of vaccines and serums for humans and livestock, as well as in biotechnology and genetic engineering.

It also includes measures for cultivation, improvement methodologies, development and exchange of planting material; provision of engineering and technical services, development of feasibility studies for the production of chemical fertilizers in Ghana; and joint-venture investment in agriculture.

The Iranian side also expressed interest in exploring opportunities in Ghana for joint-partnerships in vehicle and tractor assembling plants as well as processing plants to add value to cocoa production.

On Energy, Ghana and Iran agreed to cooperate in the development of oil and gas with particular reference to the acquisition of seismic data on Ghana's Voltaian Basin.

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