Government of the United Arab Emirates has offered to support Ghana’s infrastructural development with\u00a0a 100-million dollar grant from the Abu Dhabi Development fund.<\/p>\n
This follows a meeting between President John Mahama and Deputy Minister for Economic Affairs of UAE, Al Gaith at the Presidential Villa in Akosombo.<\/p>\n
His Excellency Al Gaith led a delegation of investors to hold discussions with President Mahama on various investment options in the country.<\/p>\n
The UAE government is also supporting a number of projects in Ghana including a new 350MW combined cycle power plant that will also produce 100,000 cubic meters per day of desalinated water.<\/p>\n
The meeting also discussed port expansion with the Dubai Port Authority and bauxite mining at Nyinahin.<\/p>\n
The UAE delegation indicated their willingness to increase their investment portfolio in Ghana.<\/p>\n
Briefing the Press after the close door meeting, Presidential Spokesperson, Ben Dotse Marlor, confirmed the commitment of the government of the United Arab Emirates to partner Ghana to develop infrastructure.<\/p>\n
\u201cOne key thing that emerged from the discussions between President Mahama and the Deputy Minister for Economic Affairs of the United Arab Emirates was an offer from the UAE for a support of about a 100 million US dollars from the Abu-Dhabi development fund to be used by the government of Ghana for various projects including infrastructure projects,\u201d he \u00a0indicated.<\/p>\n
According to him the offer came directly from the team and it\u2019s well appreciated.<\/p>\n
The team that accompanied the deputy Minister included officials of TAQA who presently operates a thermal generating plant in Takoradi in the Western Region.<\/p>\n
President Mahama also received strong assurances from the government of the UAE to support TAQA to establish a 350 megawatts combined cycle power plant capable of desalinating sea water for consumption.<\/p>\n
\u201cA memorandum of understanding that is being signed indicates the fact that the Abu-Dhabi government is pledging to support \u2026,\u201dMarlor explained.<\/p>\n
According to the Presidential spokesperson, the meeting also discussed opportunities in Agriculture, Mining, Energy and Power and many other fields that offer great investment opportunities and returns.<\/p>\n
\u2018\u2019These projects if realized have a huge potential of creating jobs and also expanding the economy,\u2019\u2019 he noted.<\/p>\n
<\/p>\n
<\/p>\n
By: Richard Mensah\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
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