22 March 2022
A delegation from the Republic of Ghana visited the Island last week to take part in discussions with the Government of Jersey to boost investment links between the two jurisdictions.
Jersey and Ghana are seeking to finalise a Bilateral Investment Treaty (BIT), which provides additional protections and fair treatment to investors operating between the two. The treaty would be the second of its kind concluded by the Government of Jersey, after an agreement with the UAE was signed in Dubai in November 2021.
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 2021 for the first round of treaty discussions.
Minister for External Relations and Financial Services, Senator 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."
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