Ghana, Morocco Sign 20 MoUs to Strengthen Economic Ties

L-R: King of Morocco His Majesty King Mohammed VI and President Nana Akufo-Addo of Ghana.

Ghana and Morocco have signed more than 20 Memoranda of Understanding (MoU) to form partnerships and explore trade opportunities strengthening the trade and economic ties between the countries.

The agreements were signed between businesses in the private sectors of both countries and ministers of state representing government, in the presence of President Nana Addo Dankwa Akufo-Addo and the King of Morocco, His Royal Majesty King Mohammed VI.

The agreements, geared towards the establishment of a joint business council, cover the areas of tourism, banking and finance, agriculture and agro-processing, energy, stock exchange pharmaceuticals and industrial cooperation.

They include a $10 million agreement for the development of technical capacities for the electrification of Ghana, strategic partnership between Ithmar Capital and Ghana Infrastructure Investment Fund, development and scaling up the agricultural insurance, among others.

The Moroccan Monarch who was on a three-day visit to Ghana has since departed to his country.

He held discussions on other areas that would enhance the diplomatic and economic relationship between Ghana and his country.

President Akufo-Addo decorated him with the highest national award, the Order of the Companion of the Star of Ghana, while the Moroccan King decorated the President with his country’s highest national award.

Source: Footprint to Africa

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