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Government seeks the interventions of foreign investors to solve worsening power crises

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Mawuena 2The Ghana Investment Promotion Council (GIPC) in collaboration with other stakeholders is seeking strategic investment opportunities in a quest to re-invigorate Ghana’s economic climate.

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The new move is targeted at infrastructure development and access to market opportunities with a keen interest on oil and gas aimed at addressing the country’s power problems.

This was disclosed by the Chief Executive Officer (C.E.O) of GIPC, Mrs. Mawuena Trebarh in an interview with Reuters’ New York – based global investment correspondent, Daniel Bases.

Mrs Trebah acknowledged the frantic efforts being made by government to meet the increasing demand of power as it makes efforts to create a conducive environment for foreign investors adding that,? ” l have had the benefit of one-on-one discussions with a number of investors who are particularly keen on the power of investing; a no number of other players who are very keen on agribusiness side as well because those are major commercial opportunity areas and they generate jobs naturally “.

She says propositions tabled by a number of private partners are currently been reviewed by various boards and final decisions will be taken soon.

The GIPC Boss stressed that her outfit will ensure a win-win situation between foreign investors and the country taking into consideration technology transfer, local skills development, commercial returns and opportunities for access to other markets, among others.

According to her, other factors will also be considered depending on specific projects and negotiations tabled by investors.

She says it is important to ensure that the power facilities and operations are available in rural and remote areas and proposals geared towards that goal will be given much consideration.

The GIPC has therefore instituted various teams to assist and support the stakeholders to ensure that investors have a lot of options.

 

Source: David Apinga/Xfmnewscenter

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