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Business News of Wednesday, 6 May 2015

Source: GNA

Business seminar on Compact II held in Accra

The United States Ambassador to Ghana, Gene A. Cretz, on behalf of the United States, has welcomed the decision of the Government of Ghana to pursue private sector participation through a concession of ECG.

The Ambassador’s response followed an announcement by Deputy Minister of Power John Abdulai Jinapor who noted during the April 30th Millennium Development Authority Procurement workshop that, “we have to transform the power sector”.

The workshop was a forum on Business and Procurement Opportunities under Compact II, and was sponsored by the Millennium Development Authority and several business organizations in Ghana.

The Ambassador welcomed the announcement, noting that the years of due diligence and deliberation required to make this decision and stressed, “This will be a competitive selection process to determine who will direct activities of transformation of ECG.

“The fact that a decision has been made is a key milestone for moving the Compact forward toward implementation”, Ambassador Cretz said.