Businesses in Minnesota call for creation of JVs, partnerships with Ghanaian businesses
Businesses in the State of Minnesota, US, are eager to form partnerships and create joint ventures (JVs) with Ghanaian businesses in the sectors of energy, healthcare, agriculture and education.
The call for partnerships and JVs between Ghanaian businesses and their counterparts in Minnesota was made by the visiting Trade Delegation from the State of Minnesota during a reception event held by the American Chamber of Commerce in honour of the Trade Delegation.
Speaking at the event, leader of the visiting Trade Delegation, Basil Ajuo, the Executive Director of Minnesota Africans United, noted partnerships between businesses of both States will help advance trade and create jobs for the unemployed in Ghana.
Adding that, companies from Minnesota are eager to explore Ghana’s $1bn market.
“The trade delegation is here to build joint ventures, partnerships and make sure that deals are being made and products are being sold.
“Businesses from Minnesota are looking at partnering Ghanaian businesses in the sectors of energy, agriculture, education and healthcare. These are the sectors we want to begin discussions with to build strong trade relations with Ghana.
“Ghana has a market of $1bn and we are looking to promote Minnesota products and compete with European, Chinese and Canadian companies in the country,” he remarked.
Touching on significance of the visit of the Minnesota Trade Delegation, Executive Secretary of the American Chamber of Commerce, Simon Madjie, said, “The visit by the Trade Delegation forms part of the Chamber’s mandate to promote trade and investment between Ghana and the US.
“They are here to form partnerships with Ghanaian businesses and they are bringing investments that will create jobs as well as transfer of skills and technology.”
Prior to the visit by the Minnesota Trade Delegation, Deputy Secretary of the United States Department of Commerce, Don Graves, during the US – Ghana Business Forum themed Leveraging AfCFTA to Promote US-Africa Commercial Partnerships on Thursday, June 16, 2022, assured the Ghanaian government of the US government’s commitment to being a strong, long term and stable trade partner to Ghana.
Asserting that, the US’ commitment to Ghana will be in ways that are mutual, respectful and allow citizens of both countries to succeed and grow economically.
“This is not about exploitation, but about friends and partners who invest with and in each other because they know that the better off their friend is, the better off they will be.
“Through this partnership, we aim to expand trade and investment between the US and Ghana while creating jobs and sustainable growth in both countries,” he remarked.
Trade between Ghana and the US at the end of 2021, per official data amounted to $2.7bn. The US in the same year – 2021 – was the largest bilateral donor to Ghana.
