US Advisory Council to Invest More Than $ 5.4 Billion in Four African Countries

Donald Trump's Advisory Council on African Affairs and Government Agencies pledged more than $ 5.4 billion to explore and strengthen trade links in Ghana, Ethiopia, Kenya and Cote d'Ivoire. Ivory.

had also established government-to-government memoranda of understanding with the governments of Ghana, Ethiopia, and Kenya to improve trade and partnerships.

US firms that have traveled with the US delegation to Africa have also signed more than a few African companies and plan to sign an additional $ 2 billion in the near future.

million. Wilbur Louis Ross, Secretary of Commerce of the United States, made the announcement at the first Ghana-US Business Forum in Accra.

He indicated that the United States was moving from aid to trade in their relations with Africa, noting that many US companies had maintained their operations in Africa and were ready to take advantage of the situation. 39; expansion.

He stated that the signing of the agreements demonstrated the commitment of the United States for sustainable and high quality development that would benefit millions of Africans and create good relations between Africa and Africa. and the United States.

on Doing Business in Africa, comprising 60 representatives from 20 companies and government agencies, industry captains, influential business leaders, and trade and technology experts, who discussed business and marketing opportunities. Investment between Ghana and the United States. "Ghana's trade partnership to Ghana beyond aid" was the theme chosen to promote and deepen bilateral trade engagement between the two countries to promote investment.

Ghanaian companies in the areas of infrastructure, technology, Mr. Ross said his visit to Ghana was aimed at strengthening and strengthening business ties between the two countries, adding that the United States was determined to be a strong and stable long-term partner in Ghana. He said the United States wanted African governments to improve their business climate, develop digital economies and create competitive and productive international sectors for agriculture, health, energy, manufacturing and manufacturing. Services. led to strong companies, noting that Africa's 1.3 billion population was important to the global economy and badured that the United States would continue to deepen its trade commitments with Africa and ensure long-term commercial and economic partnerships.

that the high-quality infrastructure provided by the United States would provide a solid foundation for economic growth and prosperity, which is linked to the Government of Ghana. He emphasized that the shift from aid to trade would large impact on citizens adding that the United States had no intention of harnessing Africa's natural resources to the detriment of its people. [19659002LesecrétaireaméricainauCommerceaexhortélespaysafricainsàs'engagerdansdespartenariatsavecdessociétésaméricainesnotantquelessociétésaméricainesbaséesenAfriqueétaienttenuesderespecterlaForeignCorruptPracticesActvotéeparleCongrèsaméricainen1977quiinterditauxentreprisesaméricainesdecorromprelesagentsdesAffairesétrangèresetdes'engagerdansd'autrespratiquesdecorruptionpourremporterdescontrats

million. Ross urged African countries to fight corruption, saying; "There is no place in any democracy and no place in civil society" and therefore congratulated Ghana for creating the Special Prosecutor's Office and appointing a member of the opposition party as a prosecutor special.

the determination of the Government of Ghana to fight corruption and, therefore, asked the government to provide adequate resources to the special prosecutor to function effectively.

He praised Ghana's high growth rate last year. , which "makes Ghana a welcoming country for investment".

million. Ross said that US trade with Ghana had reached $ 1.6 billion last year and that he was optimistic about its increase in the following years. would help the nation move from the natural resource extraction economy to that of value addition, vertical integration, manufacturing and services.

Government flagship initiatives, including the "One-District, One Factory" program, noting that many US companies were ready to support the initiative.

Source: GNA