AmCham Ghana Strengthen Partnership with U.S. Chamber of Commerce

On May 2, the President of the American Chamber of Commerce in Ghana (AmCham Ghana), Mr. Kimathi Kuenyehia, and the Executive Secretary, Mr. Simon Madjie, embarked on a working visit to the U.S. Chamber of Commerce headquarters in Washington, D.C. The purpose of the visit was to further solidify the partnership between AmCham Ghana and the U.S. Chamber of Commerce, as well as explore initiatives to protect American private sector interests in Ghana and reposition U.S. Foreign Direct Investment in West Africa and Ghana.

During their visit, the AmCham Ghana delegation met with Kendra Gaither, President of the African Bureau at the U.S. Chamber of Commerce, and Dr. Guevera Yao, Vice President of the African Bureau. They also met with Ellasandra Walsh and Ellington Arnold, members of the Africa team at the U.S. Chamber of Commerce.

The meeting focused on several key areas, including strengthening the partnership between AmCham Ghana and the U.S. Chamber of Commerce. This partnership aims to foster greater collaboration and cooperation between the two organizations, ultimately benefiting the business communities in both Ghana and the United States.

Another key area of discussion was the need to aggressively protect American private sector interests in Ghana. This includes addressing any challenges or concerns that American businesses may face in Ghana, as well as exploring opportunities for growth and expansion.

The delegation also explored initiatives to reposition U.S. Foreign Direct Investment in West Africa and Ghana. This includes identifying new investment opportunities, addressing any regulatory or bureaucratic hurdles that may hinder investment, and promoting greater economic cooperation between the United States and Ghana.

Overall, the visit was a significant step forward in strengthening the partnership between AmCham Ghana and the U.S. Chamber of Commerce, and in promoting greater economic cooperation between the United States and Ghana.

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The State of Security in West Africa | An Epidemic Of Coup D’États;” Is West Africa Still Attractive For FDI?

The Chamber, on Wednesday, February 23, 2022, hosted a webinar on the state of security in West Africa to discuss the impact of the various coups on Foreign Direct Investment to the region.

Speaker for the event, Mutaru Mumuni Muqthar, Executive DirectorWest Africa Centre for Counter-Extremism, provided insight into the history of coup d’etats in West Africa.

His presentation also covered the threat of extremism in the region, stating that about 53% of West African countries are currently experiencing terrorist violence. According to Mutaru, piracy has also descended from the Horn of Africa to the waters of the Gulf of Guinea. “Gulf of Guinea is currently the deadliest waters globally. 43% of all piracy incidents took in the Gulf of Guinea in Q1 of 2021.”

Despite these challenges, Mutaru maintained that West Africa is still attractive for Foreign Direct Investment. Nigeria, he said attracted one-tenth of all FDI in 2020, notwithstanding threats of terrorism and COVID-19.  The continent continues to see a huge increase in FDI. “A year after the pandemic, there has been more than $4.7 billion in venture funding.”

Watch the full event below.