GIPC signs MoU with Malta Enterprise to boost trade, investment

The Ghana Investment Promotion Centre (GIPC) has signed a Memorandum of Understanding (MoU) with Malta Enterprise, Malta’s economic development agency, tasked with attracting new foreign direct investment, as well as facilitating the growth of existing operations.

The MoU empowers both parties to set up a strategic think-tank composed of officers from both agencies and partnered stakeholders who will devise a three-year strategy covering areas of mutual interest.

The Chief Executive Officer of GIPC, Mr Yofi Grant , signed on behalf of GIPC while Mr Michael Grech, the Director of Malta Enterprise, initialled for his agency.

A release issued in Accra said, “Under the MoU, GIPC and Malta Enterprise will collaborate to set up information sharing mechanisms by regularly exchanging information on economic and trade updates, laws and regulations, policy measures, industrial standards and trends, market analysis reports, exhibitions and fora, trade leads as well as investment projects in Ghana and Malta.

“They will also organise business delegations related to trade and or investment to the country of either party as well as support and assist visiting business delegations organised by the other party. Both parties have agreed to co-host various events, including economic and trade policy dialogues between government agencies and business delegations in both countries, among others”.

The release said the signing of the MoU followed the recent state visit to Malta by President Akufo-Addo, where he held bilateral talks with his Maltese counterpart.

“During his visit, President Akufo-Addo urged Maltese companies to take advantage of the new impetus given to Ghana-Malta relations by the reciprocal visits and invest in Ghana.

Mr Yofi Grant, welcomed the proposed projects discussed with the delegation adding that Ghana was open to finding strategic partners and investors to grow its economy and for mutual benefit.