A framework agreement for projects to be supported by Finland’s Public Sector Investment Facility (PIF) Scheme has been signed between Finland and Ghana.
A business group from Ghana inked the agreement on Monday during a trade and investment tour to Finland and two other Scandinavian nations, Denmark and Sweden.
With the aid of Finnish technology and knowledge, Finland’s Public Sector Investment Facility (PIF) Scheme supports public sector investments in developing nations that are in line with the UN Sustainable Development Goals.
The PIF Scheme’s goal is to offer extra funding for projects that Finland approves of in accordance with the OECD Arrangement on Guidelines for Officially Supported Export Credits.
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The mission was organised by the Ministry for Foreign Affairs and Regional Integration and the Ghana Investment Promotion Centre in collaboration with the Embassies of Ghana in Oslo and Denmark, to showcase Ghana’s vast business potential and pursue bilateral trade and investment opportunities in the areas of ICT, education, energy and circular economy – waste management, bio economy and clean technology.
Ghana is also seeking to explore potential investment opportunities and help create a network of buyers, agents, suppliers and key government contacts.
The sixty-six-member business delegation comprising the public and private sectors, is led by the Deputy Minister for Foreign Affairs and Regional Integration, KwakuAmpratwumSarpong.
Other high level government officials include the Deputy Minister for Trade and Industry, Mr Herbert Krapa; the Deputy Minister for Communications and Digitalisation, AmaPomaaBoateng; the CEO of EXIM Bank of Ghana, Mr Lawrence Agyinsam; the CEO of Ghana Export Promotion Authority and Dr AfuaAsabeaAsare; the CEO of Ghana Investment Fund for Electronic Communication.
The rest are Mr Prince Sefah; the Deputy CEO of Ghana Investment Promotion Centre, Mr Yaw AmoatengAfriyie; the Ag. Director-General of Cyber Security Authority, Dr Albert Antwi-Boasiako, and the Ambassador of Ghana to Finland, JenniferLartey.
While in Finland, the high level government officials have held government-to-government bilateral meetings with ministers, CEOs and officials of selected Finnish institutions including the Ministry of Foreign Affairs of Finland, Business Finland, SITRA and FINNERVA, whose focus areas include investment, trade, digitalisation, green energy transformation, smart inclusive cities, sustainable mining, and circular economy among others.
The meetings have afforded the officials the opportunity to learn from their Finnish counterparts including the possibility of attracting Finnish companies operating in these sectors to invest in Ghana.
The engagements have also served as a springboard to further deepen the already existing cordial bilateral relations between Ghana and Finland.
BY TIMES REPORTER
