The Jospong Group of Companies (JGC) has signed a Memorandum of Understanding with a Nigerian investment holding, EGTA Investment Ltd. in Nigeria to work together exclusively to identify relevant experts, rice farmers and value chain players through EGTA to support the Jospong Rice project in Ghana spearheaarded by the Asian African Consortium (AAC).

The MoU further sets out the general framework which shall serve as the foundation upon which a binding agreement shall be subsequently signed.

The Lead Coordinator for the Jospong Rice Project, Rev. George Tsidi Blavo, noted at the MoU signing ceremony in Abuja- Nigeria on Friday, September 8, 2023, that the economic vision of Ghana hinges on transforming its economy beyond aid, shifting from import dependency to becoming a manufacturing and value-added economy, with a central role of the private sector.

Adding that the AAC, is committed to contributing significantly to the transformative journey by partnering with countries and institutions possessing the necessary expertise.