During the meeting at 10 Downing Street, the British Prime Minister hailed the Commonwealth Business Forum and its impact on African economies.
Mr. Addo, a member of the CWEIC Global Advisory Board, said it was essential that the CWEIC meet and align with the Prime Minister on the expected outcomes of the forum.
In a one-on-one meeting with the Prime Minister, Mr. Addo spoke about the relevance of the Commonwealth and the opportunity for its members to leverage its global presence to facilitate and foster trade and investment. He also spoke about AFCTA, its potential to accelerate intra-African trade and CBG’s strategic focus on trade facilitation in West Africa.
CWEIC meetings are well attended by the 54 countries that make up the Commonwealth, including the UK.
The 2018 edition was a three-day event with over 40 one-on-one sessions across three iconic London venues. 1,400 participants from 80 countries took part, representing businesses, regulators, trade and investment promotion agencies and governments.
CBG recently announced that it is expanding its capabilities to small and medium enterprises (SMEs) by partnering with the new Development Bank of Ghana (DBG) to provide technical and financial support to the sector.
Speaking to a section of the media on CBG’s agenda for SMEs this year, Mr. Addo indicated that CBG had over the years provided significant support to SMEs and wanted to expand its capabilities in the sector to exploit opportunities. that exist and ensure an improvement in the contribution of the SME sector to the country’s economy.
According to him, “We have approached this holistically and it is not just about financing SMEs but taking the whole value chain of SMEs and seeing how we can help companies operate more efficiently by unlocking cash trapped in receivables, facilitating collection for SMEs and, above all, building capacity in the SME space.
“We’ve done this through the products we’ve deployed and the technology platforms we’ve established. This allows SMEs to collect money through their mobile wallet and make deposits through mobile cashiers deployed in markets to collect money from SMEs,” he said.