Russia and Ghana are exploring deeper economic cooperation in key sectors including nuclear energy, agriculture and mining, with Moscow expressing interest in supporting local production and joint resource development initiatives.

The Russian Embassy in Ghana said a Memorandum of Understanding (MoU) had been signed between the Ghana Atomic Energy Commission (GAEC) and Russia’s state nuclear energy corporation, Rosatom, creating a foundation for potential future collaboration in the energy sector.

The embassy said the agreement forms part of efforts to expand bilateral cooperation and explore opportunities in the development of Ghana’s energy capacity.

"In the energy sector, a memorandum of understanding has been signed between the Ghana Atomic Energy Commission and Rosatom, laying the groundwork for potential future cooperation," the Embassy posted on social media.

Beyond energy, Russia has expressed readiness to increase fertiliser supplies to Ghana and support the establishment of localised fertiliser production facilities.

The move, according to the embassy, is aimed at strengthening agricultural cooperation between the two countries and contributing to improved access to agricultural inputs.

In the mining sector, Russia said it was interested in working with Ghana on the joint development of gold and bauxite deposits.

The embassy noted that Ghana’s mineral resources presented opportunities for stronger partnerships between Russian and Ghanaian companies, particularly in value addition and resource development.

"In agriculture, Russia is ready to increase fertiliser supplies and develop localised production. In the mining sector, there is interest in joint development of gold and bauxite deposits."

Russia also views Ghana as a strategic partner for accessing African markets under the framework of the African Continental Free Trade Area (AfCFTA).

"Ghana is viewed as a partner for accessing African markets within the framework of the Africa-China Free Trade Agreement."

The embassy said closer economic collaboration between the two countries could help businesses expand their operations across the continent through Ghana’s position as a gateway to African markets.

The proposed partnerships form part of broader efforts by Russia to deepen economic ties with Ghana through investments, technology transfer and joint ventures across strategic sectors.