Ghana-US sign economic cooperation deal

Ghana and the United States (US) have signed a deal to deepen economic cooperation between the two countries.

The agreement signed by the two countries on Wednesday commits both sides to jointly explore business and investment opportunities for the growth of their respective economies.

Ken Ofori-Atta Finance Minister, and the visiting US’ Secretary of Commerce, Wilbur Ross, signed the agreement at the Jubilee House, in Accra.

This move paves way for Ghanaian businessmen and the government to interface with American businesses and federal agencies for economic prosperity.

President Nana Addo Dankwa Akufo-Addo, Minister of Trade and Industry, Allan Kyeremateng and Energy Minister, Boakye Agyarko, were witness to the brief ceremony.

The US Secretary of Commerce is in the country with 60 businessmen and federal agencies to engage their Ghanaian counterparts – seek viable businesses they could put their money into.

Mr. Kojo Oppong Nkrumah, Deputy Information Minister, told the media that the agreement covered the areas of agriculture, industry, infrastructure and energy.

“So the MoU you saw being signed was to outline some of these opportunities and to commit both sides to jointly invest in these opportunities.

“Some of these investments will be on the public-public side, some of it on the public-private side, some of it on the private-private side as well.

“We are looking to some more American organisations to take spots particularly, in the upstream petroleum sector,” he added.

Mr Nkrumah added “for all of these things that we are jointly doing or we will be doing with them, the idea is to speed up our rate of growth to ensure that there a lot of jobs, that wealth is created in there, and eventually we are able to transform our society using instruments such as this”.


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