Veep Calls On Dubai Chamber Of Commerce To Invest In Ghana’s Energy Sector

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By Maxwell OkamafoAddo

The Vice President, KwesiAmissah Arthur, has called on Independent Power Producers (IPP) to participates in the power sector, by setting up generation plants to improve power delivery in the country.

This is because the power demand in the country, has outstripped supply and that currently the demand for power is more than 10 percent annually.

Mr. KwesiAmissah Arthur, made this remark when an eleven member delegation from Dubai Chamber of Commerce, led by their President, Hamad Buamim ,called on him at the Flagstaff House.

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 are currently facing the nation.

The Veep, further stated that Ghana has a stable and predictable economic climate for business investments to grow and attract more foreign direct investment into the country.

He also touched on our stable investment climate from political stability to the judiciary.

He was delighted that they were in Ghana to explore opportunities that exist in the country.

Mr. Arthur said, Ghana’s long standing stable democratic credentials, has been acclaimed worldwide for these reason calls on investors to take advantage of the conducive investment climate in Ghana and invest and said government would do everything possible to help facilitate trade, investments and other economic ventures in the country.

He noted 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 ,adding that there are great opportunities in the housing sector, and currently there is a huge housing deficit in the country, so the need for them to take advantage by investing in the real estate sector , especially targeting the middle class, 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 the Dubai.

He said, the economic prospect of Ghana are bright for which reason they have established as 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 was one of the best places to invest in the West African sub region, hence their decision to use Ghana as a gateway and also in fulfillment of the promise they made to President Mahama, when they met him in Dubai.

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

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

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