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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.
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