Nigeria, Ghana chambers of commerce to be revived

Category: News Published on Thursday, 24 January 2013 06:00 Written by Kate Da Costa in Accra, Ghana

In order to foster their investments in Ghana, members of the Nigerian corporate business community have resolved to revive the comatose Ghana-Nigeria Chambers of Commerce. The Nigerian High Commissioner, Ambassador Ademola Seyi Onafowokan, who is leading the move to revive the forum for Nigerian corporate institutions in Ghana, said his priority was to assist in nurturing Nigerian businesses in the country and also leverage investments back home.

Onafowokan, who held a business meeting for top executives of high profile Nigerian institutions in the country on Tuesday in Accra, said a formal platform such as a Chamber of Commerce and Industry would help foster growth for their concerns. Available statistics from the Ghana Investment Promotion Council (GIPC) put Nigeria as the second largest investor in the country, next to China. It is estimated that the volume of Nigerian investments in the country is about USD 5 billion.

According to Otumba Michael Ajayi, the interim president of the Ghana-Nigeria Chamber of Commerce, there were over 240 registered Nigerian corporate institutions.