Skip to main content

AGI, Singapore Business Federation signs MoU

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.


Popular posts from this blog

Deputy AG sues Facebooker over 'malicious' Ameri deal

The Deputy Attorney-General and Member of Parliament for Bolgatanga East, Mr Dominic Ayine has filed a defamation suit at an Accra High Court against a Facebook commentator, Evron Hughes.
In Mr Ayine’s statement of claim, sighted by Graphic Online, he accused Mr Hughes of defaming him in a post he authored and published on Facebook on December 21, 2015, titled “RE: AMERI TRANSACTION”.
According to the Deputy A-G, the “false and malicious” post has provoked “public disaffection” against him and exposed him to public ridicule and contempt.
Describing Mr Hughes as a “self-styled social media blogger and a social commentator”, Mr Ayine said the Facebook post had brought his hard-won reputation “as a respected politician, teacher and lawyer” into “hatred, ridicule, odium, discredit, contempt, opprobrium and reproach”.
The Deputy A-G said the “defamatory words” were authored with the sole intent to reduce him in the estimation of all right thinking Ghanaians, adding that he had received numerou…

PIAC told to go to court to enforce recommendations

By: Fred Yaw Sarpong

The Public Interest and Accountability Committee (PIAC), the mandated body to monitor the use of Ghana’s oil revenues has been asked to go to court to seek strict compliance of the laws covering accountability of oil funds in the country.

According to Dr. Steve Manteaw, the Campaign Coordinator for ISODEC and a member of the PIAC , it’s time for PIAC as a body to consider going to court to compel institutions responsible for managing Ghana’s oil revenue to answers some questions concerning the expenditure of oil funds.

He pointed out that there are several recommendations made by the PIAC in its past reports on management of petroleum revenues, and a lot of these recommendations has received no positive response from the institutions concerned.

He disclosed this to the Daily Express at a three-day workshop on Interrogating the 2016 Semi Annual PIAC Report at Koforidua in the Eastern Region.

The workshop was organized by the Institute of Financ…

BoG shuts down two financial institutions

The Bank of Ghana has closed down two financial institutions in the country. This was after the central bank investigation revealed that the two companies were operating without approval.

The two companies were Agro Development Fund Services Limited (ADFSL) and Hebron Financial Investment Limited (HFIL).

The Daily Express gathered that the ADFSL was asked to stop operating after the central bank realized the institution had not been licensed to take deposit from the public.

A statement from BoG said the ADFSL continued to operate despite the orders from the Bank of Ghana. It however closed down ADFSL’s operation until further notice.

The Bank of Ghana said that the ADFSL is located at Asufufu, opposite the Sunyani Traditional Council in the Brong Ahafo region.

“The decision to close down ADFSL is in furtherance of section 20(2) (g) of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930). Bank of Ghana has investigated ADFSL thoroughly and has concluded that its a…