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Mr. Michael Grech (left) exchanging the agreement with Mr. Yofi Grant
The Ghana Investment Promotion Center (GIPC) has signed a Memorandum of Understanding with Malta Enterprise, Malta's economic development agency, to attract new foreign direct investment and facilitate the growth of existing activities.
The Memorandum of Understanding empowers both parties to set up a strategic think tank composed of officials from both agencies and stakeholders in partnership, which will develop a three-year strategy covering areas of mutual interest.
GIPC CEO Yofi Grant signed on behalf of GIPC, while Michael Grech, director of Malta Enterprise, was initialed for his agency.
A statement issued in Accra said: "Under the MoU, GIPC and Malta Enterprise will work together to put in place information-sharing mechanisms by regularly exchanging information on economic and trade updates, laws and regulations, and policy measures, industry standards and trends, market badysis reports, exhibitions and forums, business contacts as well as investment projects in Ghana and Malta.
"They will also organize business delegations related to trade and / or investment in the country of one of the parties, as well as support and badistance to visiting business delegations organized by the other party. The two sides agreed to co-organize various events, including economic and trade policy dialogues between government agencies and business delegations in both countries, among others. "
According to the statement, the signing of the memorandum follows the recent state visit to Malta of President Akufo-Addo, during which he held bilateral talks with his Maltese counterpart.
"During his visit, President Akufo-Addo urged Maltese companies to take advantage of the new momentum given to Ghana-Malta relations through reciprocal visits and to invest in Ghana.
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Mr. Yofi Grant welcomed the proposed projects discussed with the delegation, adding that Ghana was ready to find strategic partners and investors to grow its economy and for mutual benefit.
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