Bermuda has signed a “landmark” memorandum of understanding on economic, trade and technical co-operation with the Republic of Ghana, the Government said today.

The signing of the MOU coincided with a nine-person technical delegation visit to Bermuda by Ghanaian public and private sector leaders last week.

In a two-part process, the MOU was first signed in Ghana by Abena Osei-Asare, the Minister of State of the Ministry of Finance of Ghana.

Then the instrument travelled with the Ghanian delegation of technical representatives to Bermuda last week, where the Minister of Economy and Labour, Jason Hayward formally signed on behalf of the Government.

According to a government statement, under the MOU framework, the two countries will collaborate in key areas, including financial services, fisheries and the blue economy, tourism, renewable energy, investment, and trade, creating opportunities for mutual growth and sustainable development.

The Premier said: “On behalf of Bermuda, I was pleased to welcome representatives of Ghana to Bermuda.”

David Burt added: “We were equally pleased to complete the MOU between our two countries, as this instrument lays the framework to work together to drive mutual innovation and growth, creating lasting opportunities for both Bermuda and Ghana.

“We will rekindle cultural connections, and build strong economic links between our regions that will benefit our people for decades to come.”