Story by: Yaw Sarpong
The Association of Ghana Industries (AGI) has signed a memorandum of understanding (MoU) with the Singapore Business Federation with the aim of promoting businesses between the two countries.
The MoU is to promote business relations between Ghana and Singapore, which will allow Singaporean companies to partner Ghanaian companies, especially in boosting the manufacturing sector.
In this case the private sector in Ghana represented by AGI, as a result of the manufacturing component addition of the partnership the is looking for in this country.
The Centre Director of International Enterprise (IE) Singapore, Ian Lee told Daily Express that they believe AGI among the business association has that capacity or members to partner the Singaporeans to bridge that manufacturing gap in Ghana.
After the signing in Accra, the President of AGI, Nana Owusu Afari told Daily Express that the MoU signed intend to strengthening companies in Ghana and Singapore.
‘It is important note that the Singaporean companies are looking for business bodies in Ghana to do business with, and after carefully consideration AGI is the best choice. Apart from AGI there is no such group exist in Ghana, so they decided to partner us,’ said Nana Afari.
According to him the MoU signing and the partnership are the best opportunities for the Ghanaian companies to engage with.
He stated that as part of the MoU signed, both parties will lay out programmes of works or activities that the two intend to facilitate for a win-win situation.
‘On the part of Singapore they want to come and invest into companies here in Ghana. There are so many other things they want to do in this country,’ said Nana Afari.
He also revealed that majority of the products; produce by these manufacturing companies will be exported to Singapore.
‘We think this is a very good thing because Singapore is among the first world countries despite the population of about 5.3 million, and our country Ghana is among the third world countries. We are now gradually inching to the second. So we think that we can gain a lot of experience from Singapore by collaborating with them,’ said AGI President.
Members of AGI have started meeting the Singaporean team in Ghana and ‘if everything go on well, I believe the both will do business together,’ Nana Afari .
Nana Afari said Ghana is ready for industrial revolution and for that matter AGI is ready to partner any country to bring investment into the country, especially for the manufacturing sector.