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Ghana, Portugal Sign Defence, Economic Pacts


Ghana and Portugal have signed bilateral instruments of co-operation in the areas of defence, political consultation and trade between the two countries.

The President, Nana Addo Dankwa Akufo-Addo and his Portuguese counterpart, His Excellency Marcelo Rebelo de Sousa signed the bilateral agreement in the Portuguese capital Lisbon as part of his three-day visit to Portugal on Tuesday.

This latest form of engagement, President Akufo-Addo said, would go a long way to strengthen the ties of friendship and the bonds of co-operation between Ghana and Portugal.

Speaking at a Joint Press Conference with President Marcelo Rebelo De Sousa, on Tuesday, the President stated that the move “is borne out of a decision by Ghana “to turn our back on our old economy, which has been dependent on the production and export of raw materials, and also dependent on aid.”

According to President Akufo-Addo, “we want to build a value-added, industrialised economy with a modernised agriculture, which is neither victim nor pawn of the world economic order. We want our relations with Portugal and, indeed, the rest of the world, to be characterised by an increase in trade and investment co-operation.”

He added that “this is the way to develop healthy relations between our two countries, and put Ghana at the high end of the value chain in the global market place, and create jobs for the teeming masses of Ghanaians, particularly the youth.”

He pointed out that, the discussions also focused on boosting further political, cultural, people-to-people exchanges and cooperation at the multilateral level and on the need to promote a better world by addressing global issues relating to the attainment of the Sustainable Development Goals (SDGs).