The Governments of the Republic of Ghana and Malta have signed five Memoranda of Understanding (MoU) for the establishment of partnerships between the two countries.
This signing ceremony took place on Tuesday, 26th March, 2019, when the President of the Republic, Nana Addo Dankwa Akufo-Addo, paid a day’s official visit to Malta, where he held bilateral talks with his Maltese counterpart President Marie-Louise Coleiro Preca.
The agreements between the Governments of Ghana and Malta are: (1) MoU on Medicine; (2) MoU on Bilateral Air Services; (3) MoU on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Income Taxes on Income; (4) MoU on Tourism; and (5) Joint Commission for Bilateral Co-operation.
Speaking at a luncheon held in his honour, President Akufo-Addo indicated that these agreements “will serve as a strong launchpad for more dynamic and vibrant engagements in key sectors of our respective economies.”
Thanking President Coleiro-Preca for warm hospitality accorded him and his delegation, President Akufo-Addo noted that the visit to Ghana by his Maltese counterpart, in July 2017, was the first time a sitting President from the Republic of Malta had paid a State Visit to Ghana, and it was also the first time a President from Malta had visited a country south of the Sahara.
“Your visit strengthened the already good relations between our two countries, and we appreciate the decision to locate Malta’s first resident Mission, in sub-Saharan Africa, in Ghana,” he added.
As members of the Commonwealth and the United Nations, with governance structures that are respectful of human rights, the rule of law and principles of democratic accountability, President Akufo-Addo urged Malta and Ghana to continue to co-operate effectively, at the international level, to create a safer and more secure world.
With the tenure of office President Marie-Louise Coleiro Preca soon to end, President Akufo-Addo noted that “the people of Malta will remember you for your inspiring leadership, in particular, your strong commitment to social welfare, demonstrated by the numerous social interventions you initiated, and the several programmes you instituted to ensure the welfare of the vulnerable in Malta.”
He continued, “For us, in Ghana, we will remember your intervention that resulted in the Department of Education of the University of Malta establishing the Annual Frederick Ofosu Memorial Lectures, under your distinguished patronage, in memory of Frederick Ofosu, the Ghanaian immigrant who took his own life here in Malta. We will remember you with affection, and wish you well in your future endeavours”.
Regardless of where the investment is, President Akufo-Addo explained that government has instituted a number of incentives for the investor, depending on the nature of the activity, or the location of the investment, all intended to help investments succeed.
The President assured that “Ghana is a country governed by the rule of law, where the separation of powers is real. We have an independent judiciary, which ensures accountable governance, and you can be assured that your investments will be protected and secure.”
He was hopeful that the business forum has provided Maltese investprs with the necessary environment for business networking, which will help advance economic relations between Ghana and Malta.