The formation of a Public-Private Partnership (PPP) is intended to strengthen and promote the economic growth of a country as the private sector has always been the engine of development for every country.
In view of the importance of the private sector in economic growth, the Ghana Chamber of Commerce and Industry (GCCI) at a meeting with a business delegation from the Private Sector Federation (PSF) from Rwanda, has signed Memorandum of Understanding (MoU) seeking to explore possibilities of establishing mutual cooperation and partnership that will deepen trade and economic ties between Ghana and Rwanda.
Speaking in an interview with Peacefmonline.com, Hon. Dr. Seth Adjei Baah, President of the GCCI said they are hopeful the meeting with the PSF of Rwanda will be an opportunity to see significant improvement in trade and investment as there is virtually little to talk of in terms of trade between the two countries.
“…..they will learn from us so that together we will know the point where to start thinking about partnership, developing things, working together and making sure that as Africans, we produce what we need in Africa. I think we have to start thinking of producing exactly what we use here rather than importing everything; we call ourselves a country which is into Agriculture but we import 50 per cent of our foods….with this partnership we can do something for our countries,” he stated.
He hinted that Ghana is ahead of many countries in terms of industrialization as the private sector is more organized, making it possible for others to learn from the country’s manufacturing abilities.
Speaking for the Rwandan Private Sector Federation, the Honorary Consul of Ghana in Rwanda, Mr. Denis Karera expressed excitement at the signing of the MoU between the PSF and GCCI. He added that the PSF, as an apex business body in Rwanda, is grateful for the collaboration with the Ghana Chamber of Commerce and Industry, calling for the spirit of togetherness, information sharing and networking between the two countries as a sure way of strengthening the already existing economic ties between Ghana and Rwanda.
He revealed that Rwanda is one of the safest and convenient countries in Africa to do business as it takes only six hours to register a company to start. He assured that Rwanda, as part of its effort to expand the economy, is ready to invest and trade in any available businesses.