In recent times, investing in Ghana has become more attractive for the global business community
because of the vast untapped opportunities in the country, the business enabling environment and the siting of the AfCFTA Secretariat on her soil. Companies and private sector organizations in countries such as Morocco have signed several agreements with key agencies and institutions in Ghana to gain access to her market. To follow on the such signed agreements between the Ghana National Chamber of Commerce and Industry (GNCCI) and the Conféderation Générale des Entréprises du Maroc (CGEM) and ensure their implementation, and to formally introduce herself, the Moroccan Ambassador to Ghana, H.E. Imane Ouaadil, paid a courtesy call on the National Executives of the GNCCI on Tuesday, April 14, 2021.
On behalf of the National Executives the President of the GNCCI welcomed the Ambassador and expressed his appreciation for her country’s continuous desire to do business with Ghana.
The Ambassador, in her opening remarks, thanked the National Executives for their warm reception. She continued by pointing out the need for the agreements signed by the GNCCI and the CGEM to be implemented to ensure that all stakeholders benefit from the key provisions in them. In response to this, the Chief Executive Officer (CEO) of the GNCCI proposed that a committee, made up of members of the GNCCI and the CGEM, should be set up to see to the implementation of these MOUs.
The Ambassador additionally stated that there were quite a number of Moroccan companies who had reached out to the Embassy and expressed their interest in investing in various industries in Ghana – most especially in the Real Estate sector. An agreement, she disclosed, had been signed with the government of Ghana for investments to be made in affordable housing to bridge the housing deficit in Ghana estimated to be over 2 million housing units. She also revealed that companies such as OCP Africa had made investments in Ghana’s Ministry of Agriculture through the provision support in soil mapping, and other Moroccan companies had plans to build a fertilizer manufacturing company in Ghana to supply fertilizer products to the West African sub-region.
Concluding her remarks, the Ambassador suggested to collaborate with the Chamber to establish a well-structured fish market in Ghana to benefit Ghanaian and Moroccan fishermen, and the populace of the two nations.
The meeting ended with the President assuring the Ambassador of the Chamber’s readiness to do business with the Moroccan businesses community and added that investors who wanted to work with members of the Chamber outside the provisions of the agreements were equally welcomed.