The Ghana National Chamber of Commerce and Industry (GNCCI) and the Lebanon Federation of Chambers of Commerce, Industry and Agriculture have signed a memorandum of understanding (MoU) to strengthen trade and investment ties between African nations and the rest of the world (FCCIAL).
This MoU aims to foster effective cooperation between the two countries in areas of trade, investment, technology transfer, and related economic and industrial activities.
The signing ceremony, which took place on February 20, 2023, was attended by high-level delegations, including the second Vice President of GNCCI, Stephane Miezan, and a Member of Parliament (MP) and President of the Lebanon/Ghana Parliamentary Friendship Association, Ghassan Attallah.
The GNCCI was represented by its CEO, Mark Badu-Aboagye, who signed the MoU on behalf of the organization, while the Lebanese Ambassador to Ghana, Maher Kheir, appended his signature for the FCCIAL. This MoU marks an important step towards strengthening trade ties, opening up new opportunities for businesses for both countries.
During the meeting, the Lebanese Ambassador expressed his gratitude for the longstanding relationship between Lebanon and Ghana and stressed the importance of enhancing cooperation between the two countries.
He also expressed his willingness to facilitate any business partnerships between Ghanaian and Lebanese companies. Mr. Miezan, in turn, thanked the ambassador for his visit and assured him of the Chamber’s commitment to promoting trade and investment between both countries.
The two parties will establish effective communication between member companies of both organizations, with particular reference to the private sector. The MoU will also encourage the exchange of information on economic policies and opportunities, as well as organize joint trade and investment promotion activities.
The agreement is expected to enhance trade and investment relations between Ghana and Lebanon and provide a platform for businesses in both countries to expand their operations.
The GNCCI has highlighted some of the opportunities in Ghana and encouraged Lebanese businesses to take advantage of them. The meeting ended with the signing of the MoU to strengthen economic cooperation between the two countries and the exchange of gifts to further solidify the cordial relationship.