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.