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Hungary, Ghana want to open embassies, build ties: FMs

Xinhua, February 27, 2015 Adjust font size:

Hungarian Foreign Minister Peter Szijjarto and Ghanaian Foreign Minister Hanna Tetteh on Thursday voiced mutual interest in building economic ties and in opening embassies in each other's country.

Addressing a joint news conference in Budapest, Szijjarto said Hungary would open an embassy in Accra in 2016, and had a trading center operating in Ghana since last year.

In addition, he said, the Eximbank had provided a 50 million dollar line of credit for Hungarian businesses wanting to enter the Ghanaian market and was currently hosting ten Ghanaian students attending Hungarian universities.

Tetteh said Ghana would like to upgrade ties with Hungary, and qualified the current meeting as an opportunity to do so. She voiced the hope that Ghana would reciprocate Hungary's initiative to open an embassy in Accra and would open a similar mission in Hungary at a future date.

Tetteh called Ghana one of the best developing countries in West Africa and pointed out that it had been a stable democracy for the past 20 years. In addition, it had a diversified economy.

Ghana is a major producer of oil and natural gas and is also a significant gold and diamond producer. It is expected to be the world's leading producer of cocoa in 2015. Endit