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Veep courts investment for Ghana’s Energy Sector

Vice President  Kwesi Amissah-Arthur has called on independent power producers to participate in the power sector by setting up generating plants to improve power delivery in the country since the country’s power demand has outstripped supply, and  that currently the demand  for power is  more than 10 percent per annul.

Mr. Amissah-Arthur said this when an eleven member delegation from Dubai Chamber of Commerce led by their President Hamad Buamim called on him at the Flagstaff House, Kanda-Accra.

He said, private power producers would help ease the pressure on traditional power producers in the country so as to help solve the power problems that currently faces the nation.

Vice President KwesiAmissah Arthur further stated that Ghana has a stable and a predictable economic climate for business investment to grow and attract more foreign direct investment into the country.

He also touched on our political stability to the judiciary, and was very delighted that they were in Ghana to explore opportunities that exist in the country.

Mr. Arthur said Ghana’s long standing stable, democratic credentials  have been acclaimed worldwide, and for this reason called on investors to take advantage of the  conducive investment climate in Ghana.

Adding that Ghana has a lot of great potential in the agricultural sector with valuable commodities, so would want to see them  take a look at the agro processing sector of the country ,he also said  that there  are great opportunities  in the housing sector  and currently there’s a huge housing deficit in the country ,hence the need for them  to take advantage by investing in the real estate sector , especially targeting the middle income in order to bridge the housing deficit gap in the country.

On his part, the Group president of the Dubai Chamber of Commerce and Industry, Mr. Hamad Buamim, said last year they met with President Mahama in Dubai  when he  joined other African leaders for the Africa Global Leaders Forum where they strengthened bilateral trade cooperation between Ghana  and Dubai when President Mahama urged them  to invest in Ghana.

He said the economic prospect of Ghana are bright, for which reason they have established  as a first step, a Dubai Chamber  of Commerce and Industry  to promote  their presence  in Ghana and  open business opportunities for their members  and their Ghanaian counterparts.

Mr. Hamad said Ghana is one of the best places to invest in the West Africa sub region, hence their decision to use Ghana as a gateway and also in fulfillment of the promise they made to President Mahama by putting up their office in Ghana when they met in Dubai.

He said some of the potential that they have identified so far is in the area of real estate, agriculture and tourism and are still exploring possible areas in the economy to invest in.

He said this on Wednesday, the  22nd of January, when they opened their first Dubai Chamber of Commerce and industry in the country.

Source: : Maxwell Okamafo Addo ,The Republic

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