UK, Ghana deepen trade ties as bilateral commerce hits £1.5bn

The United Kingdom and Ghana have reaffirmed their trade and investment partnership, marking five years of the Ghana-UK Trade Partnership Agreement (TPA) with an 11 percent rise in bilateral trade to £1.5 billion in 2025, officials said.

Senior officials from both countries met last week under the TPA Committee to review progress since the agreement came into force and to outline steps to boost implementation, increase trade flows and support economic growth.

The meeting highlighted a shift in UK-Ghana relations towards a stronger focus on trade, investment and innovation aimed at driving job creation and shared economic gains.

Two new initiatives were also announced to support the partnership.

Ci-Gaba, Ghana’s first pension-backed fund of funds, is expected to mobilise long-term domestic capital alongside international investment to expand financing for small and medium-sized enterprises (SMEs).

The fund aims to channel local savings into productive sectors to support business growth and employment.

The initiative received a catalytic grant from the UK Foreign, Commonwealth and Development Office (FCDO) through the Research and Innovation Systems for Africa (RISA) Fund, supporting its design, structuring and operational setup.

In a separate development, a new digital trade finance platform, NeoFinGo, is being rolled out to modernise cross-border trade finance and improve access to funding for exporters. The platform is a joint initiative involving ODI Global, Ghana’s 24-Hour Economy Authority, the Bank of Ghana and the AfCFTA Secretariat.

Officials said the platform is expected to reduce transaction delays and strengthen Ghana’s position as a gateway to regional markets.

The British High Commissioner to Ghana, Christian Rogg, said the TPA had helped address barriers to trade and create opportunities for businesses in both countries.

“The TPA showcases the UK and Ghana working side-by-side to remove practical barriers to trade and to help businesses take advantage of the opportunities our agreement provides,” he said.

The latest developments highlight efforts by both countries to translate trade agreements into tangible economic outcomes, with a focus on expanding access to finance and supporting exporters.

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