Friday, February 22, 2013

AGI, BCIU pledge to promote private sector operations


The Association of Ghana Industries (AGI) and Business Council for International Understanding (BCIU) have agreed to strengthen linkages between private sector businesses of Ghana and the United States of America.


The AGI is the leading voice of the private sector in Ghana while BCIU is a US-based not-for-profit association that aims to promote international understanding through international business.

Nana Owusu-Afari, President of AGI and Mr. Peter Tichansky, BCIU President, signing the Memorandum of Understanding (MoU) in Accra on behalf of their respective organisations -- pledging to work together to enhance and increase cooperation between private sector businesses.

Under the terms of the MoU, BCIU will endeavour to provide opportunities for AGI to highlight Ghana as an ideal investment location and regional hub for multinational corporations, and to establish AGI’s identity as a powerful institution vis-a-vis the American business community and the United States Government.

In addition, BCIU will identify strategic business to business partnerships in specific sectors as identified by AGI.

Besides, AGI and BCIU will develop the necessary mechanisms to engage in efficient coordination, decision-making, and joint-planning; create monitoring/evaluation and reporting practices to measure performance and maintain transparency; manage financial matters; and address other matters that arise.

The two entities also agreed and commited to pursuing only those objectives which are mutually in the national interest of Ghana and the United States.

They also pledged to protect and elevate the brands and reputations of the two organisations, and to undertake an official evaluation with the option for renewal after two years.

Owusu-Afari said the MoU is a great milestone in the history of the AGI, and expressed hope that the partnership will further strengthen the relationship between Ghana and the US in terms of business promotion.

He said the deal will also help facilitate business promotion and formalise the private sector’s relationship with the United States.

Mr. Tichansky described the signing as historic moment, and said BCIU will play a valuable role in promoting business to business and government to business interactions.

Mr. Japheth Aryiku, BCIU Senior Advise, explained that the signing of the MoU will go a long way in deepening the relationship between the two groups. 

“Business motivation is going to offer the two groups the opportunity to learn a great deal,” he said.

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