South Africa has invested over $6 billion in Ghana over the last decade and will continue to increase business in the West African nation budding oil sector, President Jacob Zuma said.

“We have also agreed to further promote our economic relations. A number of South African companies have invested in Ghana which are significant and amounted to more than 64 billion rand between 2003 and April 2013” President Zuma said.

President Zuma also added that “We (Ghana and South Africa) have also agreed to deepen preparations in the field of science and technology.

Meanwhile, Ghana and South Africa have signed bilateral agreement in the areas of trade, transport and energy which is expected to see both countries exchange expertise and resources in that area.

Per the energy arrangement South Africa is expected to assist Ghana enhance its energy generation capacity to meet the growing demands of industries.

Speaking at a Joint Press Conference with visiting Jacob Zuma, President Mahama of Ghana said it is the hope of both countries that the agreements signed will enhance intra trade activities between the two countries.