Business News of Tuesday, 15 October 2019

Source: GIPC

GIPC delegation visits Colombia for investment talks

GIPC delegation will explore business and investment opportunities GIPC delegation will explore business and investment opportunities

A Ghana Investment Promotion Center (GIPC) delegation has left Accra to the Colombian capital city - Bogota, to explore business and investment opportunities available for both countries.

The 18-member team, drawn from both the private and public sector, will showcase Ghana’s investment opportunities and new industrialization agenda to the business and investor community in Colombia.

The mission will also seek to find opportunities for private sector collaboration and partnerships with businesses in Colombia, towards improving bilateral trade and investments between the two countries.

In a pre-departure briefing session at the Colombian Embassy in Accra, Colombian Ambassador to Ghana, H.E Mrs. Claudia Turbay Quintero affirmed her commitment to make the trip a good experience in order to “identify areas of co-operation and business investments, projecting into the future”.

As a member of the Pacific Alliance, the Ambassador expressed appreciation of the level of bilateral relationship between Ghana and the trade bloc and is optimistic that an investment delegation from Colombia will reciprocate a visit to Ghana soon.

The Ghanaian entourage is led by Deputy Trade Minister, Hon Robert Ahomka-Lindsay. Others include Board Chairman of GIPC, Mr. Kwasi Abeasi, President of the Private Enterprise Federation, Nana Osei Bonsu, representatives from the Bank of Ghana, Ministry of Foreign Affairs and Regional Integration, GIPC and CEOs from selected private sector companies.

While in Colombia for the 5-day visit which starts from October 15 to October 19, the Ghanaian investment team will engage their Colombian counterparts in the areas of agriculture and agro processing, financial services, ICT and infrastructure development.

Ghana-Colombia relations

Diplomatic ties between Ghana and Colombia dates to 1988. It was revamped in 2013 when the Colombian mission was opened in Ghana.

Ghana remains the only country where the four founding partners of the Pacific Alliance – Chile, Mexico, Colombia and Peru share premises as diplomatic missions. As an economic and commercial integration established in 2011, the Pacific Alliance seeks to foster relations among observer countries in Science, technology and innovation, trade facilitation, SMEs and education.