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Aug 24, 2012

Government to Retool the Energy Sector

President John Dramani Mahama has announced that government has embarked on a project to retool the energy sector that would enable the country to supply liquefied gas and substantial electricity to Benin.

He said Ghana would also collaborate with her neighbours to share their comparative advantages that would enable them to specialise for adequate production gas for both domestic and external consumption.

President Mahama announced this when Mr Benoit Comlan Degla, Beninois Minister for Interior and Home Security called on him at the Castle, Osu.

The Minister was at the Castle to deliver a message from President Yayi Boni, believed to be centered on ways by which the two countries could strengthen their relations in the political, economic and cultural ties.

President Mahama said Ghana had enjoyed good relations with Benin over the years and would do everything possible to strengthen the relations for mutual benefit.

He thanked President Yayi Boni for his visits to Ghana during the funeral of the late President, John Evans Atta Mills. “He first visited Ghana in his capacity as the Chairman of the African Union, returned in his position as the President of Benin and also attended the final funeral service.”

President Mahama said he would be embarking on visits to some African countries beginning from next month to thank them for their show of support during the funeral of late President Mills.

Mr Degla commended the government of Ghana for her continuous support to Benin, especially in the area of agriculture.

He congratulated President Mahama on his elevation to the highest office of President and urged him to use that opportunity to discuss bilateral issues with countries he would be visiting.

The statement said Government raised the bond to primarily pay off some outstanding commitments and given the over subscription, the additional funds accepted above the GH¢300 million, would be used to restructure the domestic debts by lengthening the maturity profile in line with the debt management objectives.

Source: Castle, Osu