AGI opens office in China

Association of Ghana Industries (AGI) has opened its first office in Qingdao, China.

The commissioning was done by First Lady Mrs. Rebecca Akufo-Addo. The opening of the AGI office which was facilitated by the Belt and Road Collaborative Innovative Centre (BRCIC) of China, is expected to boost Chinese investment in Ghana, especially towards the One-District-One Factory (1D1F) programme.

The First Lady said the opening of the office was a testimony to the good relations between the two countries and she is confident the initiative would increase business cooperation between Ghana and China.

She encouraged the business community in Ghana to take advantage of the new office assuring them she will always be available to provide the needed support to ensure that the initiative becomes successful.

The President of the AGI, Mr James Asare Adjaye, on his part noted that opening of the liaison office is part of the association’s efforts to support Ghana’s industrialization agenda.

He, however, stated that though the facility will be managed by AGI, it would be opened to all Ghanaian businesses, trade associations, and state institutions.

Mr Adjaye said that the AGI as well as the international business community especially BRCIC are enthusiastic about the 1D1F programme therefore opening of an office in China will help “promote Chinese investment in Ghana”.

He noted that currently the AGI with government’s support has arranged a $2 billion turn key financial facility from the Chinese National Building Materials Company (CNBM) to support Ghanaian businesses that would operate under the 1D1F initiative.

The chairperson of BRCIC, Ms Zhang Lu commended Ghana for being the first country to open a liaison office under the initiative and pledged to support the office.

The First Lady is in China as part of an eight-day visit to various parts of the country together with female business entrepreneurs from the manufacturing, cosmetic, agriculture, garments and textile and construction industries.


Story: Business Desk