Business News of Friday, 22 June 2012

Source: myjoyonline

VRA seeks private investment in some of its assets

The Volta River Authority,VRA is engaging some private investors to develop some of its assets as part of measures to generate more revenue for its operations.

The assets include some of the authority’s land properties lying fallow and unutilized as well as hotels.

The Chief Executive, Kweku Awotwe revealed this to JOY BUSINESS at a knowledge forum organized by the Ghana Chapter of the Society for Human Resource Management.

“We have Akosombo Hotel Company, Kpong Farms and Volta Lake Transport among others. All these we are preparing business plans for them that would allow us to do a market study of the available opportunities to attract these prospective investors" he noted.

“We started with the process to identify partners for this and we are getting a lot of interests expressed. In the Akosombo and Akuse areas in particular we have many lands we think we can develop for hotel establishments. What we are looking for is to create value by getting rent or income and help the authority cut overhead-costs and retain my workforce” he concluded.