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Sep 20, 2011

Ghana has no time to waste - President Mills tells World Bank

President John Evans Atta Mills who is in New York in the United States of America for the Sixty Six UN General Assembly has told the World Bank that with the clock of development ticking, his government has no time to waste but to take the desired actions which will accelerate her country’s development.

On the issues of the three Billion loan facility that Ghana is securing from China which the International Monitory Fund (IMF) has raised concerns over the facility, President Mills at a meeting with the Vice President of the World Bank Miss Obiageli Ezekwesili in New York explained Ghana’s position on the loan facility and indicated that Ghana has a program with the IMF, though they have concerns about the three billion loan facility from China, Ghana needs to expand her economy by expanding the country’s infrastructure.

‘’Ghana has no time to waste but to move with speed to put in place the Gas and oil Infrastructure’’ –President Mills said.

In her remark the Vice President of the World Bank Miss Obiageli Ezekwesili said, she was confident that Ghana will use the money from China Judiciously and for the benefit of her people. She also praised the President Mills led government for staying focused and remaining resilient with his pledge of building a better Ghana.
Miss Obiageli Ezekwesili urged President Mills to use the Chinese loan facility into the right sectors to make Ghana a strong middle income economy.

President Mills also met with a delegation from Cosmos Energy and the Black stones group where he assured them of his government’s desire to partner and collaborate with investors for mutual benefits.

‘’My government will keep making the business environment congenial to attract investors into the country’’ President Mills said.

He urged investors to also respect and abide by the laws of the county to enhance bilateral and multilateral relations.

Castle Osu