During President John Dramani Mahama’s state visit to Singapore, a Memorandum of Understanding (MoU) was signed between the Ghana Investment Promotion Centre (GIPC) and the Singapore Cooperation Enterprise (SCE), establishing a strategic relationship.
Mr. Wy Mun Kong, the CEO of SCE, and Mr. Simon Madjie, the CEO of GIPC, signed the Memorandum of Understanding. Singapore’s Prime Minister, Lawrence Wong, and President Mahama attended the ceremony.
The framework for cooperation between the two organizations to improve Ghana’s investment promotion tactics is established by this new agreement. In order to help Ghana draw in and keep top-notch investments, the SCE and GIPC will collaborate closely to exchange best practices, technological know-how, and policy recommendations.
Speaking at the signing ceremony, both leaders underlined the value of strengthening their bilateral economic connections and pointed out that the MoU is a step in the right direction toward opening up new avenues for Ghana and Singapore to trade, invest, and share knowledge.
With an emphasis on industries including manufacturing, technology, infrastructure, and green energy, Ghana is establishing itself as a top investment destination in Africa at the time of the agreement.
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