AGI signs MoU with Commonwealth Enterprise and Investment Council to create opportunities for businesses and help establish the trust between Government and the private sector that will allow the economies of the Commonwealth to flourish.
The MoU was signed at the just ended Commonwealth Trade Ministers Meeting in London.
It is believed that MoU will help attract high quality investments, promote industrial and inclusive growth for employment creation, formalising and deepen the level of bilateral cooperation between AGI and CWEIC.
The strategic partnership is also aimed at making AGI members to get access to intra-Commonwealth trade and investment, as well as promote joint ventures.
Transfer of technology, innovation, technical skill development for wealth creation and reduce unemployment, especially in the Ghanaian industrial sector is s an added advantage.
CWEIC is the apex organisation representing Private Sector businesses within the 52-member states of the Commonwealth, a population of 2.3 billion, with a combined GDP of £6.7 trillion, all doing business in English and using a shared legal framework.
James Asare-Adjei, President of Association of Ghana Industries, signed on behalf of his members, whilst Lord Marland of Odstock, Chairman of CWEIC, also signed for his outfit.
CWEIC is the private sector’s gateway to doing business in the Commonwealth. It has the role to create opportunities for businesses and help establish the trust between Government and the private sector that will allow the economies of the Commonwealth to flourish.
A flagship programme of CWEIC, which Ghana can benefit from, is Commonwealth Export Champions, which selects 100 leading SMEs, offer intensive training, mentoring, trade missions and business development support to help new businesses in the fast-growing Commonwealth markets
Present at the signing was Ghana’s Minister of Trade and Industry, Mr Alan Kyeremanten, as well as some staff of Ghana’s High Commission in the UK.