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The government is expected to sign a memorandum of understanding with its counterpart from the United States of America today in Accra to strengthen public-private partnerships in the development and implementation of the Energy, infrastructure and its priority projects.
The Memorandum of Understanding comes after the visit of US Secretary of Commerce Wilbur Ross and other members of the US President's Advisory Council to do business in Africa and the reaffirmation by the two governments to increase trade and investment
The agreement is in line with government plans to develop public-private partnership infrastructure projects that will support agricultural production and industrialization of Ghana as a strategic priority in its development badistance strategy in Ghana
. tandem with the commitment of the US government to further strengthen existing trade links and promote US trade participation. and investments in Ghana's energy and infrastructure sectors, as well as in government stimulus programs in other sectors such as agriculture, health, industrial parks, services financial services and digital services. the "One District One Factory" initiative, port infrastructure, rail infrastructure, oil and gas exploration and transportation, renewable energy production and distribution, modernization and expansion projects for the electricity grid, infrastructure and infrastructure. Access to off-grid energy such as mini-grids, customs modernization modernization of medical facilities, digitization projects involving software and other automated solutions, agricultural and agro-industrial projects, regional hub of airport and logistics services regional financial services platform and other projects have been notified.
Develop an environment conducive to investment growth, the agreement enjoins the government focus on the development of a regulatory environment of capital markets to facilitate capital flows and develop business procedures. More transparent auctions for offshore oil and gas resources to attract more private investment in the upstream energy sector in Ghana.
the harmonization and facilitation of trade to enable greater trade flows; continue implementing reforms to ensure that the Ghana Electricity Company (ECG) applies sound business principles and maintains high standards in health, safety, environment, labor, transparency, good governance and sustainable management debt. Among other commitments, the government would be required to provide effective protections for investors, including a generally acceptable level of legal certainty and protection against any discriminatory, arbitrary, otherwise unfair or injurious treatment for all investors and investors. investments in its territories, such as intellectual property rights, as well as compensation in case of direct or indirect expropriation.
The US Government, through its Department of Commerce, will strive to facilitate and promote commercial projects in Ghana under the Ghana Beyond Aid strategy and conduct targeted campaigns via road shows, online webinars or other means – to promote business and investment opportunities in Ghana.
In the area of energy advancement, it further urges the United States Government to continue to provide development grants and technical badistance for priority projects for the production and distribution of electricity. 39, renewable energy in Ghana.
The US Government is also committed to providing technical badistance to improve capital market regulation in Ghana to facilitate capital flows and expand business and investment opportunities. investment, as well as the badistance needed to improve border security. entry and with neighboring countries to facilitate trade flows.
It would also provide support to the Ghana Revenue Authority to increase transparency and reduce opportunities for corruption and the costs of tax compliance for businesses.
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