A Memorandum of Understanding (MoU) was signed between GROW Africa and Private Enterprise Federation(PEF) on Thursday 2nd November 2017.
William Assiko, Executive Director (CEO) of GROW Africa and Nana Osei-Bonsu, Chief Executive Officer of PEF signed the MoU.
The purpose of this MoU is to strengthen the collaboration between the two organizations for a sustainable and inclusive economic growth through the food and agriculture sectors
The MoU is valid for 5 years and may be renewed yearly for such further period and under such terms as may be agreed by the Parties.
On this occasion, Mr. William Assiko stated that though the post Malabo Comprehensive Africa Agriculture Development Programme (CAADP) process emphasizes the role of the private sector, it has traditionally been driven through National Agriculture Investment Plans (NAIPs). However, NAIPs are public sector instruments and most at times do not offer adequate dynamism, focus and active collaboration required to attract private sector engagement.
He lauded the effort being put together by PEF to establish the National Apex Agribusiness Chambers (NAACs) to help achieve the CAADP goals
Nana Osei-Bonsu in his address added that the current challenge identified by the CAADP framework revolves around mobilizing private sector investments especially the domestic private sector investments for the implementation of the CAADP national investment plans. PEF is the local institution partnered by the AUC to be responsible for identifying and engaging agribusinesses and various players (including the NSA consortium, FBOs and cooperatives of small holder farmers and other independent commercial players in agriculture) to establish a beach head of interested participants for the agribusiness body.
The GROW Africa Country Operations and Partnerships Lead, Ms. Etami Ndoping added that the Country Agribusiness Partnership Framework (CAP F) will be a country led process that is inclusive and will also mobilize private sector action aligned to NAIPs and Malabo.
All acknowledge that the areas of collaboration as stated in the MoU will help strengthen the agriculture which is the key driver to Ghana’s economic development.