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Ghana, Morocco deepen ties; sign 27 MOU

General News

The government of Ghana, Friday, signed 27 Memoranda of Understanding with the Kingdom of Morocco aimed at deepening the economic ties between the two countries.

The government of Ghana, Friday, signed 27 Memoranda of Understanding with the Kingdom of Morocco aimed at deepening the economic ties between the two countries.

 

The MOU, which included some organizations from the private sector, are aimed at strengthening bilateral trade between the two African countries and to help Ghana particularly learn from the successful economic adventures embarked   on by the Moroccan government.

Nana Appiagyei Dankawoso, President of the Ghana Chamber of Commerce and Industry, prior to the signing ceremony, briefed the two heads of state and their representatives of what had transpired earlier at an economic meeting held between the two countries.

He also commended the Ghanaian government for its pro-business national development agenda, with the key focus on building the most business friendly economy which he believed would create jobs, wealth and prosperity for all Ghanaians through private sector empowerment.

The economic meeting, he added, “was in line with the objectives of exploring the possibilities of establishing mutual corporation and partnership that would deepen trade, investments and economic ties between Ghana and Morocco.”

He disclosed that the meeting, which was co-chaired by vice president of the GCCI, Clement Osei Amoako, Finance Minister Ken Ofori-Atta, who represented the Ghanaian government delegation, and Mme Miriem Bensalah- Chaqroun, leader of the Moroccan delegation, had 210 businesses in attendance.

According to him, the meeting provided the platform for businesses to explore the untapped opportunities in the areas of agriculture, agro-processing, energy generation, infrastructure, real estate development, information, communication technology, pharmaceuticals, banking, insurance and tourism.

He assured the Moroccan delegation that Ghana was opened to business and would continue to assist businesses to thrive.

“In this direction, the Ghana National Chamber of Commerce is engaging the Moroccan business delegation to partner with Ghanaian businesses to realize the vision of government in implementing the ‘one district, one factory,’ agenda for industrial growth,” he added.

Nana Appiagyei Dankawoso pointed out that proposals made during the meeting included the need for government to improve the macro economic situation in the country, encourage private-public partnership initiative across the Ghanaian economy and streamline businesses rules and regulations.

“The Ghana National Chamber of Commerce and Industry remains resolute in protecting commerce, trade, industry and manufacturing,” he added.

Mme Miriem Bensalah- Chaqroun, leader of the Moroccan delegation, for her part, stated her country was delighted to partner Ghana and to make their economic and industrial models available to Ghanaian companies. This, she emphasized, would ensure efficient and rapid development in all the sectors that are covered in the MOUs that had been signed.

Some of the memoranda that were signed include a Memorandum of Understanding between GCAM and Agricultural Development Bank, Memorandum of Understanding between the Moroccan National Tourist Office and Ghana Investment Promotion Council, Memorandum of Understanding for the commencement of negotiations for an agreement on the reciprocal promotion and protection of investments among others.

Later, the King of Morocco, Mohammed VI, was awarded with Ghana’s highest national honour, the Companion of the Star of Ghana, whilst King Mohammed VI reciprocated the gesture by decorating President Nana Akufo-Addo with the Grand Collar of Wissam Al-Mohammadi, Morocco's highest national award.