Economic relations France-Ghana - Ambassade de France

Economic relationships between France and Ghana
France and Ghana have a long lasting and confident relationship. Over the years Ghana has
become an important economic partner for France in Africa.
Regular official visits from both sides have taken place over these last years. H.E. John
Mahama, President of the Republic, met the members of MEDEF International in Paris
during its official visit to France in May 2013. Hon Hannah Tetteh, Minister of Foreign affairs
and regional integration also paid a visit to MEDEF International in October 2014. The
French Minister for External Trade was in Ghana in November 2013.
There are currently more than 60 French companies established in the country in a large
range of sectors, 33 of them being established as subsidiaries. This includes agriculture,
banking, insurance, construction, logistics, oil and gas, hotel and restaurants. The wellknown French companies have established subsidiaries in Ghana such as: Société Générale,
Total, Technip, Pernod Ricard, Alstom, Bolloré, CMA-CGM, Air Liquide, and L’Oréal.
Companies like Golden Exotics (La Compagnie Fruitière) or GREL are large employers in the
country. The activity of French companies in Ghana has contributed to the creation of
around 20,000 direct and indirect jobs.
The amount of bilateral trade between both countries was over $1 billion in 2014. Ghana
mainly supplies oil to France, and also agricultural products and food. It is now the fourth
supplier in sub-Saharan Africa for France. France exports pharmaceuticals products,
industrial food, electrical and engineering equipment as well as electronic products.
The value of French foreign direct investments in Ghana in 2013 was €143,1M for a stock
amounting to €900M. This ranks Ghana as fourth destinations in sub-Saharan Africa for
French investors. The presence of French business in the coming years would be increased
with various projects including the extension of Tema harbor, the development of cocoa
processing facilities, electricity production as well as infrastructures for the exploitation of
the oil and gas fields of TEN and Sankofa.
The French Chamber of Commerce and Industry in Ghana celebrates this month its first
anniversary. This association of companies and professionals aims at supporting and
enhancing economic and business bilateral relationships. The Chamber is a platform for
exchange and business networking at the service of Ghanaian and French companies. The
Chamber has more than 70 members now and will be one of the pillars for the fostering of
economic exchange between both countries in the coming years.
On the development side, the French Agency for Development (Agence Française de
Développement, AFD) present in Ghana since 1985, is involved in projects for the sectors of
agriculture, urban development and energy. The agency is part of various projects such as
the development of perennial crops (rubber and oil palm), the retrofit of the Kpong Dam and
the financing of GRIDCO’s investment plans. Its subsidiary PROPARCO offers loans and
private Equities to the private companies.
Ghana
French Business Delegation
Led by
Mr. Patrick LUCAS
Chairman of the Africa Committee, Medef International & Chairman, Gras Savoye
and
Mr. Marc RENNARD
Chairman of Medef International France-Western Africa Business Council & Senior Executive Vice President,
Orange
APRIL, WEDNESDAY 15TH TO FRIDAY 17TH 2015
ACCRA - GHANA
L I S T
O F
P A R T I C I P A N T S –
AIRBUS DEFENCE & SPACE
Sales of satellite imagery and geospatial data
ALSTOM
Energy / Transport
A p r i l
9
Mr Laurent DESBARATS
Sales manager
Mr Thierry DE MARGERIE
Vice President Africa
Mr Pascal DROUHAUD
Director for Africa and Americas
AS.ARCHITECTURE-STUDIO
Architecture and urban planning
Mr Alexandre STELLA
Associate architect
BNP PARIBAS / CIB
Corporate and investment banking
Mr Jean-Christophe MAGDELAINE
Managing Director Senior International
Advisor
Mr Dalu AJENE
Managing Director, Corporate and
Institutional Banking Head for Nigeria &
Ghana
BOLLORE AFRICA LOGISTICS
Integrated logistics network and operator of publicprivate partnerships in the port and rail sectors
Mr Olivier JOUSLIN DE NORAY
Ports & Terminals Director
Mr Bernard de BUOR
Country Managing Director
Mr Mohamed SAMARA
CEO Meridian Port Services
BUREAU VERITAS
Government services and international trade
CERWAY
HQE Certification for buildings and urban developments
COLAS
Public works
COMPAGNIE FINANCIERE DE PARTICIPATION
GROUPE COMPAGNIE FRUITIERE
Mr Rabih HALABI
Senior Vice President, Governments,
Trade Facilitation Programs
Mr Cosmin COTORA
Business Development Manager
Mr Patrice BLANCHOT
Prospective and Public Affairs Manager Africa
Mr Jean-Yves REGNIER
Director of Gel, Golden Exotics Limited
Producer, transporter, importer, ripener and distributor,
Compagnie Fruitière is the leading producer of fruits in
the ACP zone
DASSAULT SYSTEMES
Mr Jacques KURKDJIAN
World leader in product lifecycle management
Africa Business Development Director
EDF ENERGIES NOUVELLES
Ms Marie-Astrid de MONTMARIN
Green energy independant power producer
Project Manager
EDF INTERNATIONAL NETWORKS
Generation, transmission, distribution, trade and sale of
energy
EUTELSAT S.A.
Satellite communications and broadcasting
EY
Audit, advisory and law firm
GRAS SAVOYE
Insurance broker
Mr Mr Ousmane SALL
Manager for Sub-Saharan Africa
Mr Laurent GRIMALDI
Senior Advisor
Mr Pierre ABILY
Partner
Mr Patrick LUCAS
Chairman
Mr Mamadou NDAO
CEO for Ghana
HEC EXECUTIVE EDUCATION
Executive Education
ITRON
Water metering systems
IVECO BUS
Bus manufacturer
MORPHO
ID Systems and solutions for governments
Ms Armelle DUFOUR
Global business Développement
Mr Ababacar DIBA
General Manager for Africa
Mr Nuno Eduardo AZEDO BIGARES
Director for Africa & Middle East
Mr Pierre BECK
VP Sales, Africa - Government Identity
Solutions Division
Mr Fabien ROUAUD
Area manager, Wetern Africa
OBERTHUR TECHNOLOGIES DIVISION IDENTITE
Manufacture and personalisation of secure identity
documents
Mr Thibaud KAEPPELIN
Sales - Identity Business line
ORANGE
Telecommunications
OXYLANE DECATHLON
Sporting and leisure activities goods retailer and
designer
SOCIETE GENERALE
Banking and Financial services
THALES
Electronic systems for defense & security, aerospace,
space and ground transportation
Mr Marc RENNARD
Senior Executive Vice President, AMEA
Mr Charles GONTHIER
Financial Director Africa
Ms Valérie TORTELIER
Chargée d'Affaires Afrique
Mr Christophe FARNAUD
Senior Vice President International
Development
Mr Dominique GAULT
Country Director Western and Central
Africa
TOUTON
Cocoa beans and products, coffee, vanilla and spices
trading
TRACTEBEL ENGINEERING
Engineering
VEOLIA
Water, wastewater, service contracts
Mr Patrick DAVAILLEAU
Industrial Director
Mr Charlemagne DANOH
Business Development Manager
Mr François LAFORET
Director Municipal Development Africa
MEDEF INTERNATIONAL
Professional organization, international business services
Mr Patrick LUCAS
Chairman of the Africa Committee
Mr Marc RENNARD
Chairman of Medef International
France-Western Africa Business
Council
Mr Frédéric MOREL-BARBIER
Project Manager for Sub-Saharan
Africa and Latin America
Mr Timothée BOUTELOUP
Regional Manager North Africa,
Near East
MEDEF International:
the French Business Confederation's dedicated service to the world
Founded in 1989, MEDEF INTERNATIONAL is a non-profit organisation, which:
- represents the French Business Confederation (MEDEF) and its 800.000 companies, in the
world, at a bilateral level
- promotes the know-how and the interests of all French international companies in all
sectors
- fosters improvements of the business climate in the countries where French companies
operate
Medef International created 71 bilateral Business Councils, headed by CEOs of major French
companies.
The Chairman of MEDEF International is Mr Jean BURELLE, CEO of BURELLE SA (20.000
employees throughout the world) and Honorary Chairman of PLASTIC OMNIUM
Company.
Issues and objectives
- To liaise French companies with the world public and private leaders
- To anticipate and to encourage companies to capture new markets
- To strengthen cooperation with reliable partners throughout the world
- To promote new partnerships for French companies
- To act at the Government level to contribute to developing favourable conditions for
foreign investment and business environment.
Actions
- Over 150 high-level meetings each year, facilitating direct and constructive dialogue at the
highest, with heads of State and Government, the leading senior officials and private
decision-makers.
- 22 business delegation of French companies with solid projects in 40 target countries
- Initiatives with the Development banks (World Bank, EBRD, EIB, ADB …) and
international organisations
MEDEF International in 2013
150 countries covered / 125 high level meetings / 25 business delegations abroad in 30 countries / 6.700
companies attending the actions / 40 CEOs chairing 70 Business Councils
Patrick LUCAS
Chairman of Gras Savoye
Vice-president of Medef International
President of the Africa Committee of Medef International
President of F.G.V. (Forum pour la Gestion des Villes)
Manager of C.C.R. (Caisse Centrale de Réassurance)
ESCP 1963
Patrick LUCAS began his career as an Associate Director, Account Manager and Manager of International
Relations at Gras Savoye, first insurance broker in France. He became Managing Director in 1973 and then
Chairman and Chief Executive Officer in 1979. Since 2011, he has been Chairman of the board of directors
and Director of the European, African and Asian subsidiaries of Gras Savoye.
Member of the Board of directors of Willis (1998-2005).
At the same time, Patrick Lucas was President of the management committee (1986) and then President
of F.G.V. Forum pour la Gestion des Villes. He is also Honorary President of the French Federation of
Insurance and Reinsurance Brokers (F.C.A.), Manager of C.C.R., Caisse Centrale de Réassurance and
Honorary President of the E.S.C.P. Alumni Association. Since 2006, Patrick Lucas has been President of the
Africa Committee of Medef International and Vice-president of Medef International.
Marc RENNARD
Chairman of Medef International France-Western Africa Business Council
Senior Executive Vice President of Orange
Marc Rennard joined the France Telecom Orange Group Executive Committee in May 2010.
He has been, since 2006, the Executive Vice President International of the FT / Orange Group in charge of
the Africa, Middle East and Asia region which is made up of 20 affiliates, and more than 110 million
customers.
He is Chairman of Orange Middle East and Africa, which control affiliates in emerging countries.
In 2004, Marc Rennard was appointed Vice President - International of FT/ Orange. In this capacity, he
resided as Chairman and/or Board Member of several international Fixed-line, Mobile and Internet
subsidiaries, including 3 listed companies : Jordan Telecom Group, Mobinil and Sonatel.
Prior to that, Marc Rennard had been chosen in 2003 to be Chairman and Chief Executive Officer of UNI2,
a telecommunications operator, and a France Telecom subsidiary in Spain.
From 1996 to 2002, he served as Deputy Managing Director of TDF and Chairman of TDF VIDEO SERVICE.
He was both Chairman of TDF Cable and Commercial Director of TDF from 1992 to 1996.
From 1989 till 1992, he was appointed Managing Director of « Société des Montagnes de l'Arc », « Groupe
Caisse des Dépôts ».
He became, in 1982, a Consultant, then Agency Director in 1984, and Managing Director in 1986 at CEREP
COMMUNICATION.
Marc Rennard began his career in 1979 as a project manager at ISEOR (Institut de Socio-économie des
Entreprises et des Organisations).
Marc Rennard, 58 years old, is a graduate of EM Lyon, and holds a post graduate diploma in Management
Science. He is “chevalier de l’ordre de la Légion d’Honneur”.
Agence Française de Développement
8th Rangoon Close, Ring Road Central, P.O. Box 9592
Airport, Accra, Ghana
Tel : (233 302) 77 87 55 /56 - 76 37 02
Fax: (233 302) 77 87 57
Email : [email protected]
Web site AFD HQ : www.afd.fr - AFD Accra : www.afd-ghana.org
ACTIVITIES OF THE FRENCH DEVELOPMENT AGENCY GROUP IN GHANA
1.
Background
AFD began its operations in Ghana in 1985, marking the opening of the first AFD representation in an English-speaking
country. Over the last 30 years, AFD has concentrated its operations on major economic infrastructure development projects in
the country, mainly in the telecommunications, transport and energy sectors. Today, its strategy focuses more specifically on
Urban Development (including water supply), Energy, Agriculture and Financial Institutions.
2.
French Development Agency tools
AFD Group’s investments in Ghana can be channelled through various instruments:
Concessional loans to the Ghanaian State;
Medium or long-term loans to public companies without any guarantee from the State, as well as medium or long-term
loans to private companies or public-private partnerships (through Proparco, AFD’s subsidiary dedicated to the private
sector);
Investments in equity or quasi-equity (Proparco or FISEA);
Loan guarantee in local currency (ARIZ individual or portfolio risk-sharing mechanism or Proparco);
Grants to finance development programs or technical assistance, including grants from the (i) French Global
Environment Fund (FFEM), (ii) the Trade Capacity Building Program (PRCC) or (iii) the EU-Africa Infrastructure Trust
Fund;
Implementation of studies and strategic sector reflexions;
Training activities through AFD’s training center based in Marseilles (South of France), the CEFEB (Center for
Financial, Economic and Banking Studies): professional master degree courses, short-term seminars or specific
training sessions and workshops.
Over the past decade, AFD implemented the Debt Reduction and Development Contract (C2D) on behalf of the French State,
within the framework of France’s additional effort towards debt reduction for Heavily Indebted Poor Countries (HIPC Initiative)
of which Ghana reached the completion point in July 2004. The period of using the MDBS (Multi-Donor Budgetary Support)
fund ended with a final payment in 2013, followed by the disbursement of the remaining € 320 M in the course of the year 2014.
3.
AFD Group commitments in Ghana since 2004
Ghana has become one of the main beneficiaries of AFD Group’s commitments in West Africa since 2004, date of Ghana’s
achievement of the HIPC Initiative completion point. On a cumulative basis, total commitments of the Group from 2004 to 2014
amount to € 901 M, of which € 805 M are loans, € 84 M are grants (including C2D) and € 12 M are guarantees. See the table
below for more details:
Tool/year (in M€)
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Total
1. Grants
AFD
2,00
C2D
21,00
FFEM
PRCC
1,80
1,60
0,91
0,75
20,99
0,79
1,20
0,61
0,50
0,10
0,07
10,05
63,68
0,04
1,00
0,39
2,90
EU-Afr. Infrt. Trust Fund
Sub-total grants
1,09
21,69
3,90
4,80
1,00
24,20
1,80
1,60
21,90
33,00
42,40
42,50
37,00
50,00
0,75
1,80
4,80
22,52
5,89
3,61
0,57
0,39
84,23
40,00
71,00
77,50
14,00
141,00
17,70
0,50
9,05
0,00
6,04
19,58
43,24
71,50
41,90
229,65
0,00
60,04
232,08
147,49
71,50
41,90
805,30
0,15
4,96
1,16
2,04
2,66
0,90
87,52
239,13
153,14
74,73
2. Loans
AFD to the State
AFD to Public Cies
AFD aux ent. privées
Proparco
Sub-total loans
33,00
42,40
3. ARIZ guarantees
Total
34,00
66,60
8,27
39,12
50,77
76,12
0,80
0,18
53,37
77,90
50,00
71,90
1
393,40
172,70
9,55
11,95
42,29
901,48
January 2015
4. Ongoing projects
Since the end of 2004, AFD has focused its activities on three main sectors: Energy, Agriculture/Rural Development, and
Urban Development/Support to local Governments (including Urban Transports and Water & Sanitation). The current portfolio
of 27 ongoing projects amounts to about € 500 M. They include, by sector (if not specified, the aid modality is a soft loan to the
State):
Agriculture and rural development
o Perennial Crops (rubber and oil palm) Development Project, 2006-2015, € 19.4M (includes a grant of € 2 M)
o Rice Sector Support Project, 2009-2014, € 13.8 M (includes a grant of € 1.3 M)
o Rubber Outgrowers Plantations Project (ROPP) Phase IV, 2010-2014, € 14 M and Phase V, 2013-2017,
€ 17,7 M (concessionary loan to ADB)
o Financing support to 7 Ghanaian environmental NGOs, for a total amount of 248,300 € (FFEM grants)
o Financing support to PlaNet Finance (French NGO), Phase 1, 2011-13, 290 000 € and Phase 2, 2014-16, 350 000 €
Urban development and support to local governments and districts
o Urban Transport Project, 2008-2014, € 20 M
o District Development Facility, 2012-2014, € 21 M
o Awoshie-Pokuase Road and Community Development Project, 2010-1014, € 30 M
o Ghana Urban Management Pilot Project (GUMPP), 2011-2015, € 40.5 M (includes a grant of € 0.5 M)
o Water Supply and Sanitation Project in the Brong Ahafo region, 2008-2015, € 18.6 M (includes a grant of € 1.6 M)
o Extension of infrastructure (roads and drainage) in Kumasi, 2013-2016, € 37,5 M
Energy
o Retrofit of the Kpong dam, 2011-2016, € 50 M
o Interconnexion Ghana-Burkina Faso and 330 KV line Kumasi-Bolgatanga, 2012-2016, € 141 M, loan to Gridco
o Supervision of the construction of the 330 KV line Kumasi-Bolgatanga, 2012-2016, € 4.8 M, grant to Gridco
delegated to AFD by the EU-Africa Infrastructure Trust Fund
rd
o AFD participation via ICCF (Interact Climate Change Facility) to Takoradi 2 (3 turbine), 2012-2014, € 11.2 M
Private sector
o ARIZ individual and portfolio risk-sharing guarantees with SG-SSB bank
o Rural microfinance in the North of Ghana, 2012-2015, € 0.8 M grant and € 0.7 M loan to FIDES Ghana
o Support to Advans Ghana for the consolidation of the SMEs credit portfolio, 2012-2014, € 0.4 M, grant to Advans
o Inclusive microfinance to the poorest via ID Ghana (Entrepreneurs du Monde), 2012-2014, € 0.210 M, NGO grant
o Fair trade in Western Africa, 2013-2016, € 2,9 M, grant to Fairtrade Africa
Budget support
o Contribution to the Multi-Donor Budget Support (MDBS), 2011-2013, € 21.69 M (grant under the C2D)
Besides these projects, AFD finances funds for expert services and capacity strengthening, whose purpose is to finance project
preparation studies and strategic reflexions (€ 0.50 M).
5. Strategy and perspectives
AFD’s ongoing activities are in line with:
The Government strategy as defined in the 2010-2013 Ghana Shared Growth and Development Agenda (GSGDA)
and the Compact 2012-2022 signed in June 2012 by the Minister of Finance and Economic Planning and
Development Partners,
France’s strategy in Ghana based on the GSGDA and the Compact and defined in the Partnership Framework
Document (DCP) 2013-2016 signed in May 2013, after the DCP 2006-2010 signed in 2006.
In the future, AFD’s strategy in Ghana will focus on:
At sectoral level: energy, agriculture, urban development and support to local governments (including rural water and
sanitation); close watch over the water & sanitation sector (waste management);
- With regards to aid modalities: more efforts towards direct funding to public and private enterprises (in particular
support to Public Private Partnerships) especially through Proparco and FISEA (Fund for Investment and Support for
African Companies).
January 2015
2
French Chamber of Commerce and Industry in Ghana
French Embassy in Ghana, No.12 Liberation Road - Accra
The french Chamber of Commerce and Indsutry in Ghana (CCFG) was officially launched on May
2014 and results of concerted and sustained effort of HE Mr Frederic CLAVIER, French Ambassador
in Ghana and the Ghana section of the French Foreign Trade Advisors (CCEF) to create an efficient
structure to support and enhance bilateral economic, commercial and financial relationship between
Ghana and France.
CCFG as association of transnational corporations, Small and Medium enterprises and
entrepreneurs belonging to different sectors, aims to both assist and support increasing numbers of:
1. Ghanaian companies interested in french products, in starting business with french companies
or entering the french market (in France, Ghana or sub area)
2. French companies established or willing to establish their business in Ghana
Internal organization:
- Board of Directors with 01 President, 03 vice-President, 01 General Secretary, 01 Treasurer, 01
vice-Treasurer and 5 ordinary member
- Office with a permanent Operational Manager + 01 Assistant for dayly basis activities
- 67 members, still growing
-President is Mr Patrick PRADO who is equally President of the CCEF Ghana
Contacts :
[email protected] +233 (0) 2 60 83 86 37
French Chamber of Commerce and Industry in Ghana
French Embassy in Ghana, No.12 Liberation Road, Accra.
0260838637
[email protected]
French Chamber of Commerce and Industry in Ghana
French Embassy in Ghana, No.12 Liberation Road, Accra.
0260838637
[email protected]