Business News of Friday, 17 March 2017
The Association of Ghana Industries (AGI) and Commonwealth Enterprise and Investment Council (CWEIC) have signed a Memorandum of Understanding (MoU) to work together as institutional strategic partners in creating enabling platforms which will benefit businesses among member states.
The MoU will also help attract high quality investments, promote industrial and inclusive growth for employment creation, formalising and deepening the level of bilateral cooperation between AGI and CWEIC.
The strategic partnership will, again, focus on creating business opportunities for AGI members to get access to intra-Commonwealth trade and investment, as well as promote joint ventures and partnerships between Ghanaian industrialists and their counterparts within the Commonwealth.
Another benefit of the partnership is that it will ensure transfer of technology, innovation, technical skill development for wealth creation and reduce unemployment, especially in the Ghanaian industrial sector.
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.
The MoU was signed at the just ended Commonwealth Trade Ministers Meeting in London.
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 in the presence of Ghana’s Minister of Trade and Industry, Mr Alan Kyeremanten, as well as some staff of Ghana’s High Commission in the UK.
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.
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 be a beneficiary of, is Commonwealth Export Champions, which selects 100 leading SMEs, offer intensive training, mentoring, trade missions and business development support to help win new businesses in the fast-growing Commonwealth markets