Author: GHCCGY

ALA Strategic Consult Ltd is proud to announce the establishment of the Ghana Chamber of Commerce in Guyana, which is aimed at strengthening private sector relations between the two countries. This new initiative is in line with ALA’s efforts to promote and facilitate trade, investments and strategic development cooperation between Africa and the Caribbean, with Accra and Georgetown serving as hubs, hosting the Secretariats of the 54-member Africa Continental Free Trade Area (AfCFTA) and the 15-member Caribbean Community (CARICOM), respectively.

The Ghana Chamber of Commerce in Guyana has been set up in collaboration with the Ghana National Chamber of Commerce and the Georgetown Chamber of Commerce, with the support of the Governments of Ghana and Guyana. This initiative is expected to greatly enhance collaboration between the two countries in the areas of human resource development, commerce, investments, and economic development in general.

To commission the establishment of the Ghana Chamber of Commerce in Guyana, ALA is organizing an event on Tuesday, 22 May, 2023, in Georgetown, which coincides with the visit of a high-powered investment promotion mission from Ghana to Guyana. The delegation will be led by Hon. K T Hammond, MP, Ghana’s Minister of Trade & Industry, Hon. Bryan Acheampong, MP, the Minister for Agriculture, and Mr Yofi Grant, CEO, Ghana Investment Promotion Centre, and other senior government officials, alongside business executives.

ALA believes that the presence of representatives from the Guyana Office for Investment (GOINVEST) at the event will add immense value to the initiative, and as such, invites GOINVEST and other stakeholders to the launch of the Ghana Chamber of Commerce (Guyana).

To further strengthen the partnership, ALA is also proposing the execution of a collaboration agreement or MOU in GOINVEST’s standard format, which will spell out the areas of potential collaboration between the Ghana Chamber of Commerce (Guyana) and GOINVEST.

The launch of the Ghana Chamber of Commerce (Guyana) will take place at ALA’s office on the 3rd Floor, 301 Church and New Garden Street, Queenstown, Georgetown, Guyana (below the Amici Restaurant). The exact time for the launch will be communicated in due course, as ALA is still coordinating its activities in Guyana over the coming week.

Overall, the establishment of the Ghana Chamber of Commerce in Guyana is a significant development that promises to create immense opportunities for trade, investment and economic cooperation between Ghana and Guyana. ALA Strategic Consult Ltd is committed to facilitating this process and looks forward to the participation and support of all stakeholders in this exciting new venture.

The Ghana-Guyana Chamber of Commerce is a vital organization for businesses looking to expand their markets and tap into the growing trade opportunities between these two countries. With its extensive network of contacts, expertise, and support, the chamber is well-positioned to help businesses navigate the complexities of the Ghanaian and Guyanese business environments and succeed in the global marketplace.

One of the key benefits of the chamber is its ability to provide members with valuable information and insights on the business environment in Ghana and Guyana. This includes regular updates on key developments, such as changes to trade regulations, investment incentives, and economic trends. This information can be critical for businesses looking to enter or expand in these markets, as it helps them stay up-to-date on the latest developments and make informed decisions.

Another key benefit of the chamber is its ability to connect businesses with key contacts and stakeholders in the Ghanaian and Guyanese business communities. This includes government officials, business leaders, and other organizations that can provide valuable support and guidance. Through networking events, trade missions, and other activities, the chamber helps businesses build relationships and establish a presence in these markets, which can be critical for success.

The chamber also provides a range of services to help businesses overcome the challenges of doing business in Ghana and Guyana. This includes support with market research, business planning, legal and regulatory compliance, and other areas. The chamber’s team of experts has extensive experience in these areas and can provide tailored support to meet the unique needs of each business.

In addition to these services, the chamber also provides advocacy and representation on behalf of its members. This includes advocating for policies and regulations that support trade and investment, and representing the interests of members on key issues. Through its advocacy efforts, the chamber helps create a favorable business environment for its members and promotes economic growth and development in Ghana and Guyana.

Overall, the Ghana-Guyana Chamber of Commerce is an essential organization for businesses looking to expand their markets and tap into the growing trade opportunities between these two countries. With its extensive network, expertise, and support, the chamber provides valuable services and support to help businesses succeed in the global marketplace. Businesses looking to explore these trade opportunities should consider partnering with the chamber to leverage its resources and expertise and take advantage of the many benefits it offers.

Ghana and Guyana are two countries that are ripe with trade opportunities for businesses looking to expand their markets and diversify their supply chains. These two countries, located in Africa and South America respectively, have a long history of cooperation and cultural exchange, and are strategically positioned to take advantage of the growing global trade network.

Ghana is one of the fastest-growing economies in Africa, with a stable political environment, strong institutions, and a young and growing population. The country is rich in natural resources, including gold, oil, and cocoa, and has a thriving agricultural sector. Ghana has also made significant strides in developing its infrastructure, with a modern port facility in Tema, and a new international airport in Accra.

Guyana, on the other hand, is a small but rapidly growing economy in South America, with a population of just under 800,000. The country is rich in natural resources, including gold, bauxite, timber, and oil, and has a growing services sector, including tourism and information technology. Guyana is also strategically located at the northern tip of South America, making it an ideal gateway to the Caribbean and the rest of the Americas.

Together, Ghana and Guyana offer a range of trade opportunities for businesses looking to expand their markets. Both countries have a liberal trade regime, with few barriers to entry, and offer a range of incentives for foreign investors. Additionally, both countries are members of regional trade blocs, including the African Continental Free Trade Area (AfCFTA) and the Caribbean Community and Common Market (CARICOM), which provide access to a larger market of over 1.3 billion people.

Some of the key sectors for trade and investment in Ghana include agriculture, energy, manufacturing, and services. Ghana is the world’s second-largest producer of cocoa and has a growing agribusiness sector, including food processing and packaging. The energy sector is also a key area of focus, with significant investment opportunities in oil and gas exploration, power generation, and renewable energy. The manufacturing sector is also growing rapidly, with opportunities in textiles, pharmaceuticals, and automotive parts.

In Guyana, some of the key sectors for trade and investment include mining, forestry, agriculture, and services. The mining sector is the largest contributor to the economy, with significant investment opportunities in gold, bauxite, and diamonds. The forestry sector is also growing rapidly, with opportunities in timber production and processing. Agriculture is another key area of focus, with opportunities in rice, sugar, and other crops. The services sector is also growing, with opportunities in tourism, financial services, and information technology.

Overall, Ghana and Guyana offer a range of trade opportunities for businesses looking to expand their markets and diversify their supply chains. With their strategic locations, rich natural resources, and growing economies, these two countries are well-positioned to take advantage of the growing global trade network. Businesses looking to explore these trade opportunities should consider partnering with the Ghana-Guyana Chamber of Commerce, which can provide guidance and support on trade and investment, and facilitate business connections and opportunities.