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Economy

Morocco-Ghana Cooperation: A Blueprint for Intra-African Synergy

Friday 23 August 2024 - 12:12

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Strengthening Connections Through Trade, Investment, and Education

Morocco's strategic engagement with Ghana exemplifies the potential for deepening intra-African partnerships beyond colonial legacies like artificial borders and linguistic divides. This relationship traces back to the post-independence era, highlighted by both nations' pivotal roles in forming the Organization of African Unity in the 1960s.

Although diplomatic ties faced challenges, such as Ghana's recognition of the Polisario in 1979, relations have steadily improved. A significant turning point came in 2001 when diplomatic engagements resumed, leading to increased collaboration despite political differences.

Expanding Trade and Economic Ties

Trade and economic exchanges between Morocco and Ghana have flourished over the past two decades. The establishment of a double tax treaty in January 2023 aims to prevent double taxation and combat tax evasion, further bolstering bilateral trade.

Morocco ranks among Ghana's top trade partners in the ECOWAS bloc, with exports to Ghana growing at an average of 14% annually. Key Moroccan exports include raw sugar and processed fish, while Ghana supplies tropical fruits and cocoa powder.

Moroccan investments in Ghana have surged, with enterprises like BMCE Bank and OCP making significant inroads. In 2023, KITEA, a Moroccan furniture company, began operations in Accra, underscoring this investment trend.

OCP's Role in Enhancing Food Security

OCP's partnership with Ghana's Ministry of Food and Agriculture aims to optimize the fertilizer value chain, supporting Ghana's agricultural mechanization goals. The construction of a $1.3 billion fertilizer plant in Takoradi is expected to produce one million tonnes annually, potentially saving Ghana $400 million in imports.

Building Human Capacity Through Education

Under King Mohamed VI's leadership, Morocco emphasizes human capacity building through scholarships. Since 2002, over 500 Ghanaian students have benefited from training in Moroccan institutions, in fields such as medicine and engineering. The scholarship program expanded in 2019, doubling the slots available to Ghanaian students.

This educational initiative reflects Morocco's commitment to fostering south-south cooperation and enhancing skills across the continent. Graduates of this program contribute significantly to Ghana's economic development, exemplifying the transformative power of educational exchange.

A Vision for Continental Collaboration

Morocco's approach to strengthening ties with Ghana, an Anglophone nation, indicates a broader strategy to engage with sub-Saharan Africa beyond Francophone alliances. This endeavor aligns with Morocco's goal of promoting continental cooperation and serves as a potential model for other African nations.

By focusing on economic, educational, and cultural exchanges, Morocco and Ghana exemplify a progressive vision for intra-African partnerships. This collaboration not only strengthens their bilateral relationship but also sets a precedent for overcoming historical barriers and fostering unity across the continent.