PAEC – Driving Pakistan–Africa Partnership for Economic Transformation
Ghana’s Rise: Africa’s New Economic Powerhouse
As Africa accelerates toward a new era of economic transformation, Ghana is emerging as one of the continent’s most promising frontiers for sustainable growth. With its stable democracy, resource-rich economy, and reform-driven leadership, Ghana has positioned itself to become Africa’s fastest-growing economy and among the Top 20 globally by 2035.
At the heart of this transformation lies a visionary partnership — the Pakistan Africa Economic Council (PAEC) — acting as the strategic bridge between Pakistan’s industrial capacity and Africa’s market potential.
Pakistan’s Role in Ghana’s Growth Journey
Pakistan, with its diverse industrial, technological, and agricultural expertise, stands ready to play a defining role in Ghana’s transformation.
Through trade, investment, and knowledge exchange, Pakistan can help Ghana unlock its next decade of growth across key sectors:
- Strategic Trade Partner: Supplying high-value exports including pharmaceuticals, surgical instruments, textiles, IT services, and agri-machinery.
- Knowledge Partner: Assisting in education reforms, digital education, and vocational training — leveraging Pakistan’s successful public-private education models.
- Investment Partner: Supporting joint ventures in agriculture, renewable energy, housing, and fintech to boost employment and innovation.
Pakistan’s strong research ecosystem and industrial base give Ghana a competitive edge to achieve rapid and inclusive growth.
PAEC’s Strategic Role: Catalyzing the Pakistan–Africa Economic Corridor
The Pakistan Africa Economic Council serves as the policy advisor, trade facilitator, and investment catalyst driving the Pakistan–Ghana partnership.
Through its Vision 2035, PAEC aims to:
- Strengthen bilateral trade from $70 million in 2024 to $1.5 billion by 2030.
- Mobilize $10 billion+ in new investments into Ghana by 2035.
- Build trade networks, financial linkages, and educational hubs connecting businesses and institutions across both nations.
PAEC’s multidimensional strategy integrates policy coordination, banking collaboration, digital economy initiatives, and export facilitation — establishing Ghana as a regional gateway and Pakistan as a continental trade partner.
Ghana’s Current Economic Snapshot (2024)
| Indicator | Status (2024) |
| GDP | $87 Billion |
| Growth Rate | 3.2% |
| Inflation | 23% |
| Major Exports | Gold, Cocoa, Oil, Timber |
| Major Imports | Machinery, Refined Petroleum, Pharmaceuticals, Food Products |
| Pakistan–Ghana Trade Volume | $70 Million |
Ghana’s economy, while resource-rich, is now entering a phase of industrial diversification and digital transformation, where Pakistan’s expertise can deliver measurable value.
Targets for Economic Transformation (2025–2035)
Phase 1: 2025–2027
- GDP Growth: 5–6%
- Trade with Pakistan: $300M
- Launch of Pakistan-supported Technical Universities
- 10% agricultural mechanization through Pakistani machinery
Phase 2: 2027–2030
- GDP Growth: 7–8%
- Trade with Pakistan: $800M
- Development of IT/Fintech Hubs creating 100,000+ digital jobs
- Export diversification into textiles and agro-processed goods
Phase 3: 2030–2035
- GDP Growth: 9–10%
- Trade with Pakistan: $1.5B
- Ghana among Top 3 African Economies
- Recognition as Africa’s Fastest-Growing Digital and Green Economy
PAEC’s Policy Recommendations for Accelerated Growth
- Economic Policy:
Establish industrial zones with Pakistani technical assistance, tax reforms, and SME facilitation. - Education Policy:
Build digital and vocational training programs through partnerships with leading Pakistani universities. - Trade Policy:
Implement bilateral trade agreements, preferential tariffs, and launch a Pakistan–Ghana Trade Chamber. - Agriculture Policy:
Modernize irrigation systems, introduce seed technology, and develop dairy and livestock joint ventures. - Health Policy:
Strengthen Ghana’s healthcare sector through Pakistani pharmaceutical exports and medical training centers.
Strategic Pakistan–Ghana–PAEC Initiatives
- Formation of Pakistan–Ghana Joint Economic Commission
- Launch of Africa–Pakistan Banking & Finance Corridor
- Establishment of Pakistan-led Education & Training Hubs in Accra
- Annual Pakistan–Ghana Trade & Investment Summit
Each initiative is designed to institutionalize long-term cooperation while fostering trust and shared value creation between both nations.
Expected Outcomes by 2035
- Ghana’s GDP: Exceeds $250 Billion
- Trade with Pakistan: Reaches $1.5 Billion
- Jobs Created: Over 2 Million
- Ghana: Top Digital and Innovation Hub in Africa
- Pakistan: Becomes a Strategic Economic Gateway to Africa
- PAEC: Recognized as a Policy & Trade Game-Changer in South–South Cooperation
“Together, Ghana and Pakistan can reshape the economic future of Africa.”
The collaboration between Ghana, Pakistan, and PAEC represents more than just trade — it symbolizes the future of South–South economic transformation rooted in shared prosperity, innovation, and strategic resilience.
