Last week, Bermuda signed a landmark Memorandum of Understanding (MOU) on Economic, Trade, and Technical Co-operation with the Republic of Ghana.
The signing of the MOU coincided with a nine-person technical delegation visit to Bermuda by Ghanaian public and private sector leaders which took place from 26–28 November 2024.
In a two-part process, the MOU was first signed in Ghana by the Honourable Abena Osei-Asare, Minister of State of the Ministry of Finance of Ghana. Then the instrument travelled with the Ghanian Delegation of technical representatives to Bermuda last week, where the Minister of Economy and Labour, the Hon. Jason Hayward formally signed on behalf of the Government.
Minister Hayward noted that the MOU represents the first bilateral cooperation instrument between Bermuda and Ghana. Under its framework, the two countries will collaborate in key areas, including financial services, fisheries and the blue economy, tourism, renewable energy, investment, and trade, creating opportunities for mutual growth and sustainable development.
As part of last week’s Ghanaian visit, the Premier and Minister of Finance, the Hon. David Burt, JP, MP, welcomed the group during a special meeting held at the Ministry of Finance Headquarters. There, the Premier also discussed the importance of fostering opportunities for mutual learning and economic partnerships.
In emphasising the significance of the relationship and the MOU, Premier Burt said, “On behalf of Bermuda, I was pleased to welcome representatives of Ghana to Bermuda. We were equally pleased to complete the MOU between our two countries, as this instrument lays the framework to work together to drive mutual innovation and growth, creating lasting opportunities for both Bermuda and Ghana. We will rekindle cultural connections, and build strong economic links between our regions that will benefit our people for decades to come.”
The Ghanaian Delegation visit is one of several notable visits in recent months. It follows the October visit of the Premier of Nevis, the Hon. Mark Brantley, and the November visit of the President of the Azores, Dr. José Manuel Bolieiro. Premier Burt has stressed that each visit has special significance pointing out that the engagements are critical to forging and expanding Bermuda’s relationships with each country.