[fusion_builder_container hundred_percent=”no” hundred_percent_height=”yes” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” border_size=”” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=””][fusion_builder_row][fusion_builder_column type=”1_5″ layout=”1_2″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][fusion_separator style_type=”none” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” sep_color=”” top_margin=”” bottom_margin=”” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” /][/fusion_builder_column][fusion_builder_column type=”3_5″ layout=”1_2″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][fusion_imageframe image_id=”12950″ style_type=”none” stylecolor=”” hover_type=”none” bordersize=”” bordercolor=”” borderradius=”” align=”none” lightbox=”no” gallery_id=”” lightbox_image=”” alt=”” link=”” linktarget=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]https://amchamghana.org/wp-content/uploads/2018/03/mbaa2.jpg[/fusion_imageframe][/fusion_builder_column][fusion_builder_column type=”1_5″ layout=”1_2″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][fusion_separator style_type=”none” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” sep_color=”” top_margin=”” bottom_margin=”” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” /][/fusion_builder_column][fusion_builder_column type=”1_1″ layout=”1_2″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][fusion_text]Amcham in collaboration with EBO is organizing an event on the topic “Creating Impactful Local Content Regulations For Ghana.” The event is to discuss the positive and negative sides of local content regulation and find a mutually beneficial grounds to operate thus making the country attractive for FDI.[/fusion_text][fusion_events cat_slug=”upcoming-events” number_posts=”4″ columns=”4″ picture_size=”cover” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]
Luncheon with IGP
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A luncheon meeting organized by the chamber to discuss “Security and Ease of Doing Business” with the IGP.
The meeting was to engage with the Ghana Police Service, gain an insight into their operations and the ‘Transformation Agenda’ being driven by the current IGP, David Asante-Appeatu.
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NBMBAA Event
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Members of the National Black MBA Association had a trade and investment meeting with members of the American Chamber of Commerce, Ghana to gain insight into the investment climate in Ghana and the viable sectors to invest in. The meeting which was held at the AH Hotel in Accra was attended by the president of AmCham Ghana and business executives from AmCham member companies.
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Economy Stabilization Event
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Forum organized by the American Chamber of Commerce, Ghana (AmCham) and Ghana Association of Restructuring and Insolvency Advisory (GARIA) to discuss Ghana’s Economy – “Moving from Stabilization to Growth.” Speakers Included Dr. Henry Kereli – World Bank Country Director, Dr. Ishmeal Yamson, Ms Ayesha Bedwei and Mr. Felix Addo.
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Ambassador Farewell Event
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American Chamber of Commerce, Ghana held a farewell luncheon to honor U.S. Ambassador to Ghana, Robert P. Jackson and his wife for their contributions to AmCham activities and the development of the Chamber. Also the team from the U.S. Embassy in Ghana – Tyrena Holley, Jimmy Mauldin and Joseph Snapp were also acknowledged for the
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Harley Davidson Dealership Opens in Ghana
U.S. Ambassador to Ghana, Robert P. Jackson was joined by Ghana’s Deputy Trade Minister, Carlos Ahenkorah to open the official Harley Davidson dealership in Ghana. The dealership is the first of its kind in West African and third to South Africa and Morocco.
In Ambassador Jackson’s words, “The presence of this iconic American brand, speaks to the opportunities that are prevailing themselves here in Ghana. ” He also said it shows that Ghana again is leading the way in opening up business opportunity across the region and continent at large.
Harley Davidson was founded in Milwaukee, Wisconsin in 1903. The company has survived numerous ownership arrangements, subsidiary, periods of poor economic health and product quality, as well as intense global competition, to become one of the world’s largest motorcycle manufacturers and an iconic brand widely known for its loyal following.
Moto Co Ltd are the owners of the H-D franchise in Ghana and their 780 square metre facility located in Roman Ridge, Accra, will offer a full range of new model bikes and test rides. To complete the Harley® experience, an authentic Harley-Davidson® store has been added for all your official clothing and accessories.
The dealership also offers an on-site servicing garage with fully trained mechanics and a complete inventory of spare parts and accessories that can be used to service and customize the bikes.
“From the time you sit on these bikes, you will feel the power,” Ambassador Robert P. Jackson assured.
[unitegallery Harley]
Trade and Investment Meeting with Members of National Black MBA Association, Inc.
Members of the National Black MBA Association had a trade and investment meeting with members of the American Chamber of Commerce, Ghana to gain insight into the investment climate in Ghana and the viable sectors to invest in. The meeting which was held at the AH Hotel in Accra was attended by the president of AmCham Ghana and business executives from AmCham member companies.
The National Black MBA Association which is the Largest Network of Black Professionals was conceived in 1970 to help Blacks coming into the corporate sector, largely for the first time, share experiences and insights to help make the journey easier. NBMBAA® has a deep and rich history of enriching the lives of Black youth and professionals that they continue to celebrate today.
The visiting NBMBAA members were briefed on the various laws and regulation guarding investment and trade in Ghana, tax laws and procedures of registering and operating businesses in the country. They were also given an insight into the viable sectors to invest in.
In his remarks, Mr. Joe Mensah, president of AmCham Ghana said the agricultural sector is one of the most viable sectors in the country and it makes good economic sense to invest in that sector. He reiterated some works that his company, Kosmos Energy has done in the sector and said “you will smile to see your return triple within a short period.”
They were also advised to stick to the rules and avoid taking short cuts and paying bribes to have processes expedited, as doing so could result to losing their investments or businesses entirely in some cases.
The NBMBAA members are in the country to familiarize with the way things are done in order to help and do business as well. They are in the country under the auspices of the former Accra Mayor and Member of Parliament, Hon. Alfred Oko Vanderpuije.
[unitegallery AmChamNBMBAA]
AmCham Luncheon with the IGP on Security and Ease of Doing Business
“Our country has been blessed and often time when people talk about investing in the country, they talk about the peaceful nature of the people. That could never have happen if we didn’t have a force that really ensure that we are safe and the environment is safe for people to invest.” Mr Joe Mensah, president of AmCham Ghana said this in his remarks at a luncheon meeting organized by the chamber to discuss “Security and Ease of Doing Business” with the IGP.
The meeting was to engage with the Ghana Police Service, gain an insight into their operations and the ‘Transformation Agenda’ being driven by the current IGP, David Asante-Appeatu. Security is essential to having and maintaining a vibrant investment environment which will attract investors and drive economic growth, and the IGP couldn’t agree more.
He said in his remarks that, “There is no doubt an effective, efficient and a very accountable police service in this country will serve as a deterrent to criminals.” The IGP went on to say “It is also going to boost investor confidence that will result in economic growth.”
The Ghana Police is currently undertaking a transformation agenda to retrain, re-tool and make the police force a 21st century force. This Mr. Appeatu said is necessary because, crime is getting more sophisticated and the police need to transform in order to combat crime effectively.
The police he said can’t do this alone. He called for more hands on deck and urged the business community to play some role in whichever way they can to compliment the police. Mr. Joe Mensah also shared same sentiments.
In his opinion, Mr. Mensah said “The transformational agenda that they are talking about is something that is important to every business in the country. Ghana prides itself for being a peaceful place but if we don’t work closely with the police to continue to focus on that and continue to improve it, at some point, people will catch up with us and then we can’t brag about that anymore.”
Mr. Appeatu also shared some steps already taken by the Ghana Police Service in their quest to transform. He said some research has been conducted and results showed that if the middle class or inspectorate level is well equipped to coach and supervise the other ranks, it will go a long way to reduce misconduct in the police service.
The IGP assured that the transformation agenda is geared towards making the police force more efficient, effective and accountably. This process he said is a continuous one. “The transformation agenda does not end. It will continue as the demographics change, but I can assure that it will be a world class one.”
According to Mr. Joe Mensah, individual companies can make it a pledge to adopt a police station in the country and help them fight crime by supporting with funds. “We have a lot of American companies in Ghana who have been partnering the police and helping them. What we are saying is that, it can be expanded to reach all police stations that need support,” he stressed.
[unitegallery AmChamIGP]
AmCham Member Spotlight | KEK Insurance Brokers Limited
The company under AmCham Ghana’s spotlight for this month is KEK Insurance Brokers Limited. This company is Ghana’s number one insurance brokers since 1992.
KEK insurance brokers limited is a local insurance broking firm with substantial international links providing enhanced broking services to several local and multinational firms in all sectors of the economy. The company was registered as a limited liability company in 1985, and obtained the license to operate as an insurance broking and consultancy firm in 1990. The company since its establishment has competently handled insurances of well-placed local and multinational companies.
[unitegallery KEK]
The company has been continuously adjudged by the National Insurance Commission as the leading insurance broking firm in Ghana since 1992. Their services include;
Accident (General) Insurance
- Group Personal Accident
• Workmen’s Compensation
General Business
- Assets-All-Risk
• Bonds
• Burglary
• Consequential Los
• Contractors’ All Risk
• Directors & Officers Liability
• Electronic All Risk
• Fidelity Guarantee
• Fire & Allied Perils
• Goods in Transit
AmCham Luncheon to Discuss Ghana’s Economy – “Moving from Stabilization to Growth”
For Ghana to move from stabilization to growth there must be the political will and discipline to drive that agenda. These were the underlining themes at a forum organized by the American Chamber of Commerce, Ghana (AmCham) and Ghana Association of Restructuring and Insolvency Advisory (GARIA) to discuss Ghana’s Economy – “Moving from Stabilization to Growth.”
Dr. Henry Kerali, World Bank Country Director for Ghana in his remarks said “while Ghana has been standing still, others were moving on,” and this has caused the nation to fall in most global rankings related to doing business. Dr. Kerali further stated that even though latest statistics have indicates some positive changes in the economy; corruption, delays at the ports and the prolong period of filing and seeking justice at the Courts still makes it unattractive for investors to come into the country.
According to Dr. Kerali, food inflation continues to rise due to the high import of food into the country. This backs fellow panelist, Mr. Ishmael Yamson’s point that government needs to invest more in the agriculture and manufacturing sector to drive real growth of the economy. Even though the economy is projected to grow at 6.8% this year, Mr. Yamson is of the opinion that “the growth that has been projected is going to come from oil and gas and not from agriculture, manufacturing and the areas that create avenues for job.”
He went on to say many governments have talked about moving the economy from stabilization to growth, but that is yet to be achieved because of the lack of political will and discipline to drive that agenda. Mr. Yamson also reiterated that government need to prioritize and clearly define what they want to do and what the private sector can take up.
According to him, it was not prudent for the government to keep financing SOEs that were not making any returns. “It does not make sense to see these SOEs only accumulate debt when there is a sector that can run them effectively and make money for the state through the payment of taxes,” he stated while calling on the government to allow the private sector to take charge of some ailing SOEs.
“Capital sits with the private sector and not the government, hence the need for directions that will enable the private sector to play its role to create jobs and pay more taxes to accelerate the national development agenda,” said Mr. Yamson. He also believes it is not a bad thing for the government to provide the private sector with incentives, since this will only drive them to invest more into the country.
Ms. Ayesha Bedwei, a tax partner at PwC Ghana and co-panelist said the high level of lawlessness and indiscipline has been an impediment on the growth path of the nation. She said for things to change “we must apply the law equally, that’s the only way to ensure discipline in our country.” Ms. Bedwei also said we must apply ourselves better and enforce tax laws which will compel defiant companies to pay their taxes. She also called for the widening of the tax net to increase government’s revenue.
The four year Presidential tenure does not help issues according to Dr. Henry Kerali. He said this system forces ruling government to formulate and implement policies with the primary aim of being re-elected. This he said has to change if the nation wants to drive a growth lead agenda.
Mr. Yamson also expressed concern about how multinationals were accused and seen as companies that only came in to milk the economy at the expense of the country. He said, “When they come, it is our people who sit with them to negotiate the deals and, therefore, when something goes amiss, we need to hold those Ghanaians who lead the negotiations and not the multinationals because they are not charity organisation; they are in to make profit but can’t act until they have an agreement.”
The event which was held at the Mövenpick Ambassador Hotel in Accra ended with a Q&A and a feedback session with some members in the audience suggesting that, the public sector need to be made more effective to compliment the works of the private sector.
[unitegallery AmChamEconomy2017]