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Dec 16, 2011

President makes case for Ghana’s railway sector @ New York Stock Exchange

His Excellency President John Evans Atta Mils has positioned Ghana's railway sector growth plan strongly on the mind of the New York Stock Exchange (NYSE).

President Atta Mills spoke passionately about the urgent need to revamp Ghana's railway sector when he met with Mr. Jeffery Eubank, Senior Vice President, Global Affairs & Governmental Relations of the NYSE at its Wall Street location in New York.

President Atta Mills, who as at the NYSE on Thursday, December 15, 2011, said Ghana cannot continue to have a moribund railway sector and asked the NYSE to consider strongly pushing investment/investors into the sector.

Specifically, President Atta Mills, spoke to Union Pacific, a major player in the US railway sector, listed on the Exchange.
"As we grow our economy and country, we cannot continue to leave our railway sector the way it is and need your expertise and investment  to turn things around" President Mills said.

According to His Excellency the President, especially with the discovery of oil and gas, an integrated development agenda which includes a modern railway system will significantly improve the lot of the Ghanaian.

Mr. Eubank, took President Mills on an extensive tour of the Exchange; including a frontline participation on the Floor of the Exchange. 

Apart from interacting with market players on the floor of the Exchange, President Mills had the opportunity to witness the Initial Listing of Michael Koors, and World Designer Brand. 

President Mills also witnessed the symbolic ringing of the bell; with the DOW Index opening at a high of 129. 

Mr. Eubank was grateful to President Mills for being the guest of the NYSE and expressed the hope that the President will do them the honour once again when he gets reelected. 

President Atta Mills took the opportunity to also have a sideline meeting with the Board Chairman of Kosmos Energy, which is also successfully listed on the NYSE.

His Excellency President Atta Mills was accompanied by Secretary to the President, Mr. James Beebaku-Mensah and Mr. Ken Kanda, Ghana's Ambassador & Permanent Representative to the United Nations. 

 Source: Castle, Osu