Ghana-Russia Centre engages Republic of Komi on future prospects at St. Petersburg International Economic Forum 2025

The Ghana-Russia Centre for Commerce and Relations marked a significant milestone during its participation in the St. Petersburg International Economic Forum (SPIEF) 2025, engaging in high-level discussions aimed at strengthening bilateral cooperation.

Led by Chief Executive Officer John Aggrey, the Centre’s delegation focused on advancing trade relations, investment opportunities, and cultural exchanges to deepen ties between Ghana and the Russian Federation.

Held in the historic city of St. Petersburg, SPIEF 2025 attracted more than 24,200 participants, including delegates from 144 countries and thousands of business leaders.

This year’s forum served not only as a platform for shaping global economic strategy but also as a hub for fostering new international partnerships. The Ghana-Russia Centre seized this opportunity to initiate direct engagement with key figures from the Republic of Komi, where the delegation was warmly received by Deputy Governor Sergey Yemelyanov at the Komi Region Stand.

In the meeting, Deputy Governor Yemelyanov welcomed the Ghanaian delegation and outlined the investment potential of the Komi Republic. “Our region is endowed with natural resources and offers a favourable business climate for foreign investors,” he noted.

He highlighted Komi’s key industries, including oil refining, timber, natural gas, and electric power, and emphasised the region’s strategic location and resources as attractive assets for international collaboration.

Responding with enthusiasm, John Aggrey expressed appreciation for the reception and the Komi Republic’s openness to cooperation. “We are eager to explore opportunities that can generate mutual benefits for both our nations and business communities,” he remarked.

Mr Aggrey emphasised the potential for economic growth, technology transfer, and cultural exchange that could arise from a strengthened partnership between Ghana and the Komi Republic. “The discussions at SPIEF have opened new pathways for collaboration that could significantly impact our economies and societies,” he added.

The Centre also participated in strategic meetings focused on educational and research partnerships. A key engagement was held with Professor Natalia Demchenko, Dean of the Oil and Gas Faculty at Ukhta State Technical University.

Discussions centred on potential academic exchange programmes that would allow Ghanaian students to study in Russia. “Bridging the gap between Ghanaian students and Russian universities is essential for long-term cooperation and the transfer of knowledge,” Professor Demchenko stated.

These initiatives could enable Ghanaian students to access advanced education in energy and natural resource management.

Nelson Kumaga, who played a pivotal role in the bilateral meetings, also shared his experiences of living and studying in Komi.

The SPIEF 2025 forum provided a backdrop for over 8,700 representatives across sectors to engage in dialogue on global economic challenges and emerging opportunities. With participation from 3,600 Russian companies and more than 560 foreign enterprises, the event offered fertile ground for networking and forging new business alliances across various industries.

As Mr Aggrey aptly concluded, the outcomes of SPIEF 2025 have exceeded expectations, laying a solid foundation for future prospects between Ghana, the Republic of Komi, and broader international partners.

“Our participation has reaffirmed our belief in the power of collaboration for mutual development and is aligned with the overall theme of the Forum: ‘Shared Values: The Foundation of Growth in a Multipolar World’,” he said, encapsulating the spirit of the event and the Ghana-Russia Centre’s aspirations.

With this groundwork laid, Ghana and the Republic of Komi appear poised for a flourishing and mutually beneficial partnership in the years ahead.

The Komi Republic is a republic of Russia situated in the northeast of European Russia.

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