GCCI, Rwanda Moves To Deepen Trade Ties

GCCI pixThe Ghana Chamber of Commerce and Industry (GCCI) and the Rwanda Private Sector Federation have signed a Memorandum of Understanding for collaboration between the two sides for business development.

The signing of pact climaxed business talks between the executives of the two groups towards creating the platform networking and partnership among their members.

It was held in Accra on Friday during a visit to Ghana by a delegation of the Rwanda Private Sector Federation.

The partnership, the two sides believe, would help in contributing to improving business development in Ghana and Rwanda.

Among other things, the meeting was to explore investment opportunities in Ghana, and to deepen the trade and economic ties between the two countries

Dr. Seth Adjei Baah, President of GCCI, welcoming the delegation, was optimistic that  the two side would derive immense benefits from the partnership talks.

According to him, trade between the two countries had not been encouraging in recent years, and therefore, it was important for the business sectors to take measures to improve the situation.

“Only 18,000 dollars worth of goods was exported in 2012 to Rwanda according to available trade statistics. Hence the need to step up our game in doing business with each other,” he stated.

He added that the meeting would eventually lead to a significant improvement in trade and investment between the two countries in exploring their potentials, and called for the full commitment of both business groups in that regard.

Dr. Baah assured the Rwandan delegation of several business opportunities in the country, adding that Ghana has one of the best investment climates in the West African sub-region.

“There are opportunities that cut across all areas of the economy including agriculture and agro-processing, construction, real estate development, Tourism,Telecommnunications, Information and Communication Technology, Oil and gas extraction, to mention a few,” he stressed.

Benjamin Gasamagera, Chairman of Rwanda Private Sector Federation, for his part, said Rwanda was the second best country for doing business in Africa as well as one of the safest countries in the world currently.

“There are no restrictions for foreigners to open businesses or engage in joint ventures as well as other opportunities in tourism and infrastructure development,” he added.

He was confident the two countries would benefit immensely for the collaboration because of the positive impact their partnership would have on trade and investment. By Michael D. Abayateye

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