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Dec 2, 2015

GHANA’S AMBASSADOR TO U.S. ADDRESS GHANA HOUSTON CHAMBER OF COMMERCE


Ghana’s Ambassador to the United States of America (USA), His Excellency Lt. Gen. Joseph Henry Smith (Rtd), has addressed the Ghana Houston Chamber of Commerce (GHCC) in Houston, Texas last week Thursday, November 19, 2015 and assured members that Ghana has enjoyed peace, stability and security for the past twenty five (25) years and gone through six major elections peacefully and changed governments smoothly.

Ambassador Smith noted that the energy situation in the country is not the best but reiterated the enormous work the government is doing to resolve the energy situation.

He said the government is determined to make Ghana the industrial hub of the West African sub-region and hinted that Ghana would be adding 5,000 megawatts to its power distribution by the end of 2017.  

This, he said, would create a sub-region self-sufficient with energy and also create a political climate considered very vital for any investor looking for investment destination in Ghana.

Ambassador Smith said the country is endowed with abundant natural resources which continue to attract the attention of global business magnates into all sectors of the Ghanaian economy.

He named a few as Gas, hydropower, fruit and vegetable farming, food processing which including fish canning, production of agro chemicals, pharmaceuticals and IT.

His Excellency Ambassador Smith said the government’s on-going privatization initiatives have also opened up a number of sectors for new business partnerships and investment, notably the Banking, Finance, Insurance, the petroleum and Tele-communication sectors.

Government, he said is in the process of transforming the structure of the economy to position it as an export driven economy with less focus on imports.

Foreign Direct Investment he said is key to Ghana’s economic growth agenda, that is why government is improving existing systems and building new structures and procedures which are key in the restoration and maintenance of the economy.

Ghana has made extraordinary progress since independence and especially in recent years, Ambassador Smith explained.

He said recently, economic growth has declined somewhat and there has been an IMF programme, but that notwithstanding, investor confidence in Ghana continues to grow as a result of very progressive and aggressive measures introduced to stabilise the economy.

Government’s effort Ambassador Smith said, is now geared towards sustaining strong growth in the aftermath and the key to that goal is foreign trade and investment, particularly in the energy and power generation and in infrastructure development.

The government’s agenda of improving on the life of the people by transforming Ghana is geared towards creating a future that is focused on the people, building a strong economy, expanding infrastructure and providing transparent governance.

Ghana’s Honorary Consul, Hon. Jack Webb in his welcome remarks observed that situations around the world make Ghana the most stable destination for investment.

He said the Middle-East, South and Central America, South Africa and Nigeria are all trouble spots, which is the more reason why Ghana, which has in the past 25 years proven to be stable and peaceful is the obvious choice for any investor.

 

* His Excellency Ambassador Smith visits Ghana’s Consulate in Houston, Texas

* Ambassador Smith interacting with Honorary Consul, Hon. Jack Webb and Diana Webb

* Ambassador Smith in a group picture with staff and members of his entourage

* Meeting with Chevron Oil GM Paul Haryott

* His Excellency Ambassador Smith in discussions with Mr. Haryott on the future of Chevron’s activities in Ghana.

* Business Dinner with MODEC

 

* Group picture with MODEC President Kensuke Taniguchi, Vice President Puneet Shamrma, Executive Vice President of MODEC and President and CEO of SOFEC, Rick Hall, Chinonso T. Emehelu, ExxonMobil’s Africa Director

 * Meeting with Houston Mayor, Pro Tem at City Hall

* Ambassador Smith discussing matter of mutual interest to Ghana and Texas, most importantly, collaboration between Ghana Ports Authority and Texas Port Authorities.

* Meeting with Vaalco Energy

* His Excellency Ambassador Smith is discussion with Vaalco Energy President Steven Guidry.

* Meeting with HESS Oil Company

* Ambassador Smith in a meeting with Mr. Robert Fast, Vice President Offshore America and Douglas McMichael, in charge of West Africa.

* Meeting with FMC Technologies

* Ambassador Smith in a group picture with Mr. Steven Reinhardt, Director of Projects and Mr. Nick Spector, Portfolio Manager all of FMC Technologies.

* His Excedllency Ambassador Smith meets the Ghanaian Community

* Ambassador Smith addressing the Ghanaian Community