The MoU will help create an enabling environment for attracting investments and promoting industrial and inclusive growth for employment creation.

Signing

The President of the AGI, Mr James Asare-Adjei, signed on behalf of the association, while the Chairman of CWEIC, Lord Marland of Odstock, signed for the institute in the presence of Ghana’s Minister of Trade and Industry, Mr Alan Kyerematen, at the just-ended Commonwealth Trade Ministers Meeting in London.

The MoU is also targeted at formalising and deepening the level of bilateral cooperation between the AGI and CWEIC, which is the apex organisation representing private sector businesses within the 52-member states of the Commonwealth.

Focus

The strategic partnership will 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.

It will also ensure transfer of technology, innovation, technical skills development for wealth creation and reduce unemployment, especially in the Ghanaian industrial sector.

 CWEIC is the private sector’s gateway to doing business in the Commonwealth.

Its role is to create opportunities for businesses and help establish the trust between governments and the private sector that will allow the economies of the Commonwealth to flourish.

A flagship programme of CWEIC, of which Ghana can be a beneficiary, is the Commonwealth Export Champions, which selects 100 leading SMEs, offers intensive training, mentoring, trade missions and business development support to help win new businesses in the fast-growing Commonwealth markets.