The government of Ghana and her United States of America counterpart have signed a new Memorandum of Understanding (MOU) that will see the two nations partnering to beef up investments in eleven sectors of the Ghanaian economy.
President Akufo Addo yesterday met with a sixty member US delegation led by the Secretary of Commerce, Wilbur Ross, at the Jubilee House to firm up the new US, Ghana investment project.
After the meeting, the Deputy Minister for Information, Kojo Oppong Nkrumah, told the press that the MOU signed yesterday will see Ghana benefiting from huge investments into its economy by the US government which is only comparable to a similar investment drive entered by the Lame Nkrumah Administration some sixty (60) Years Ago.
The U.S. Secretary of Commerce Wilbur Ross announced on the 19th of June 2018, that he will lead a delegation from the President’s Advisory Council on Doing Business in Africa (PAC-DBIA) on a fact-finding mission to Ghana.
The visit provides an opportunity for the delegation to gather insight into market opportunities and challenges faced by U.S. businesses in the fast-growing Ghanaian economy.
The PAC-DBIA will use this information to provide President Trump with reliable and actionable recommendations to deepen commercial relationships in Ghana.
This mission underscores the Trump administration’s commitment to both advance opportunities and to eliminate trade barriers to strengthen the U.S.-Africa commercial relationship.
During the trip, PAC-DBIA members will gather country-specific information for use in making recommendations to the President to resolve issues related to underdeveloped capital markets, non-transparent and price-based procurement processes, and workforce development. Members selected Ghana due to the country’s stable political environment and pro-market government focused on rail, road, mining, and manufacturing development.