Gov't Sets Up Investors’ Advisory Council

President J. A. Kufuor would chair the first meeting of Ghana Investors(quote) Advisory Council (IAC) on the 2nd and 3rd of next month. The council, which is an informal advisory group is made up of top-level corporate executives who would have the duty to increase understanding between government and institutions driving investments. A statement, issued in Accra said the council would include a 26-member group of top-level executives of foreign and Ghanaian businesses such as CMS Energy Company, ECOBANK, Heineken, Ashanti Goldfields as well as individuals from the private sector.

The council will also be inaugurated during its initial meeting. The statement said the idea of an advisory council was mooted by the Managing Director of the IMF, Horst Kohler and the Managing Director of World Bank, James Wolfensen following a meeting with President Kufuor in Mali.

Highlights of some of the activities planned for the inauguration and meeting are a courtesy call on the President by the IMF delegation, a breakfast meeting for the IAC participants and government(quote)s economic management team. The council, which will be an ongoing process with two-year commitments of participation from members, will convene once or twice every year.