Business News of Tuesday, 1 August 2017
The Ghana Standards Authority (GSA) has signed a memorandum of understanding (MOU) with Invest in Africa (IIA) to make Ghanaian businesses, especially small and medium enterprises (SMEs) become more competitive locally and globally through improved quality and access to financial and technical support.
Following the 2016 African Partner Pool (APP) Business Forum which was held on the theme: “Creating Thriving Businesses through Taxation & Quality Standards,’ the relevance of information on quality standards for business growth was evident and this was what led to the signing of this MOU which seeks to bridge the knowledge gap of Ghanaian businesses, especially the SMEs.
This MOU will also allow IIA to advertise the services of the Ghana Standards Authority (GSA) on the Invest in Africa and African Partner Pool websites, with direct links to the GSA website so as to inform and simplify the process of accessing the services of GSA.
SMEs will also have the opportunity to participate in events, training programmes and forums that focus on quality standards and their application to business growth and development.
The Executive Director of GSA, Prof. Alex Dodoo, who signed on the authority’s behalf pointed out the need to create awareness for the services of the authority, and it’s readiness to facilitate, direct and assist SMEs to produce quality made-in -Ghana goods and access their services to meet the required standards.
The Ghana Manager for Invest in Africa, Mr Sam Brandful, expressed the view that the collaboration with the GSA would guide local businesses to expand, understand and meet Ghanaian and international standards, while empowering local businesses to support the Ghanaian economy.
By this MOU, the GSA joins the cross-sector group of companies that IIA is currently working with through various initiatives. These include: Tullow Ghana, EY, AGI, AB & David Law, Ecobank Modec Ghana, UT Bank, GIPC, Millennium Development Authority (MiDA), Newmont Mining, Guinness Ghana, GE, AFDB, FMO, and Dun and Bradstreet.