Business News of Wednesday, 11 September 2013

Source: FH Communications

‘Sustainable power supply will solve Africa's challenges’

President John Dramani Mahama has assured his Beninois counterpart Yayi Boni that Ghana will increase its megawatts of power supply to that country as generating capacity improves locally.

The president gave the assurance when he met with President Yayi Boni during a two-day visit to Benin.

The two leaders held discussions on Ghana's supply of electricity to Benin and Togo, and how Ghana can support Benin with gas for their newly constructed Thermal Power Plant.

The meeting also considered opportunities in infrastructure development involving countries along the corridor, including port operations, road and rail network. The two leaders also discussed extensively their collective positions on the thorny issue of integrating the sub region as a sure way to boosting economic development and the living standards of the people.

Of considerable interest to President Mahama and his host were the security situation in the sub region, the sahel areas and the economic growth of countries on the continent.

President Mahama, who was accompanied to the meeting by the Minister for Energy & Petroleum Emmanuel Kofi Buah and the Chief Executive of the VRA Kweku Awotwe, assured President Boni Yayi that Ghana will increase the megawatts of power supplied Benin as its generating capacity improves.

He said the availability of sustainable power was the panacea to Africa's challenges as it will provide the necessary impetus for industrial and productive development.

Accordingly, Ghana he said, was working on various energy sources in order to position itself as a net exporter of power to countries like Benin and Togo, which continue to rely on it for electricity.

At the end of the deliberations, the two sides signed a communique agreeing to reconvene the Permanent Joint Ghana- Benin Commission with Ghana hosting the next meeting.