Index

 

News Archives

Jul 29, 2013

Ghana is stable and investment friendly - President


President John Dramani Mahama, on Friday said, government has prioritised the development of infrastructure and business development to propel the socio-economic development of the country.

In that respect, he appealed to the international investor community to take advantage of the stable security prevailing in the country to invest in all sectors of the economy.

President Mahama said this when a Japanese business delegation called on him at the Flagstaff House, Kanda.

The delegation, which has been in the country for the past three days to actualise some agreements that were signed during the Tokyo International Conference for African Development (TICAD), was at the Presidency to seek the support of the President.

President Mahama said Ghana has a comparative advantage in energy production on account of the hydro-electric dams, the thermal plants, and the small dams that are dotted throughout the country.

He said apart from expanding these projects to increase power generation for both domestic and external consumption, government is also piloting projects on solar and wind energy to complement hydro and thermal energy.

The President said Ghana is connected to the neighbouring countries in terms of energy transmission and would export the excess power to them in the coming years.

President Mahama said government would also seek Public Private Partnership in developing Tema and Takoradi ports and the railways sector to provide travelling alternatives to Ghanaians and the business community.

On the over subscription of the Eurobond floated last month, President Mahama said government would use the money to service country’s budget deficit.

He promised to work around the clock to ease bureaucracy in the Ghana Immigration Service, Registrar General’s Department and at the ports to facilitate business.

Mr Haruki Hayashi, Chairman of the delegation, said members settled on beginning their business exploration in Ghana because of political stability and transparency.

He said they had held discussions with the business community and explored various investment opportunities in the country.

Mr Naoto Nikai, Japanese Ambassador, said a government business delegation would soon be visiting the country to finalise some of the agreements made over the years and during this year’s TICAD.

Source: GNA