Addis Ababa, Ethiopia (ADV) – Ethiopian and Ghanaian authorities have agreed to promote investment opportunities for each other in their respective countries, sources said Sunday.

The agreement will be put into action whent Ethiopia will host the second Ghana International Trade and Finance Conference (GITFIC) in April 2019 from 11th to 12th in Addis Ababa.

According to Selasi Kofi Ackom, Chief Executive Officer of the Rescue Shipping and Investment Agency, the upcoming conference will create platform for the business communities to meet and discuss on investments opportunities between the two countries.

“All businesses in Ghana are encouraged to sign up for next year’s conference in Addis. The Addis market is three times that of Ghana.

“The youth makes up 70 percent of the total populations in Ethiopia. This means that companies and businesses can triple their revenue and profit margin if they extend their investments into the Ethiopian Market”, the Exchange, a financial journal, quoted Ackom as saying.

He said Ethiopia has much potential to continue to be an investment destination in East Africa to attract foreign investors, he noted.

The string bonds have escalated their union to trade and investment relations.

The historical and political relations between Ghana and Ethiopia began in the period when President Kwame Nkrumah of Ghana and Emperor Haile Selassie of Ethiopia.

The two leaders played instrumental roles in the decolonization process of Africa and the strengthening of Pan-African institutions.