“How to source Italian technologies and the instruments of cross-border financing”: reportage from the Workshop in Accra
Accra – The last 8th October, in the beautiful location of La Villa Boutique Hotel in Accra, in front of a large gathering of the local business community, ITARE held the business workshop “How to source Italian technologies and the instruments of cross-border financing”. The event focused on the mutually beneficial opportunities that can be generated by the trade relations between the two countries and the range of financial tools that can be used to support or enable such opportunities. The workshop, chaired by the Italian Ambassador H.E. Giovanni Favilli, organized jointly with our local partner FINCAP Securities and with the key support of the Italia Ghana Business Association (IBAG), has seen the presence of more than 70 between local and international companies, trade associations and Ghanaian institution, including representatives from the Ghana Investment Promotion Center (GIPC). Given we are talking about the second industrial economy in Europe and the fast-growing country in the African continent, trade opportunities are vast and diverse, as it has been confirmed by the large interest and participation. Ghanaian entrepreneurs are keen in investing in mechanization and industrial automation, with to aim to scale their production capacity and pursue higher efficiency and safety requirements – and they are looking for the European highest quality standards. The most promising industries are Agribusiness and Construction. In these cases finance is often key and there are several tools that the supplier can put in place to arrange the funding for its clients. The role of ITARE and its local partner is to act as the link between the foreign supplier, the local company and the financial institutions, from the scouting and assessment of the business opportunity to the structing of the need trade, export or project finance instruments.