Ghana lost more than 24 billion dollars between 2010 and 2016 as a result of insufficient power supply and outages, Mr Robert Jackson, the United States (US) Ambassador to Ghana, has said.
Mr Jackson, who was interacting with students of University for Development Studies (UDS) on Wa campus on Monday, said unreliable and inadequate power supply stifled economic growth.
He said US government’s Power Africa Initiative formed part of efforts by America to help Ghana achieve its vision to develop a strong and efficient power sector.
Under the second Millennium Challenge Compact, he said, the US government was investing 498 million dollars to transform Ghana’s power sector.
“Part of that 498 million dollars includes nearly 66 million dollars to develop NEDCo [Northern Electricity Distribution Company] into an efficient and self-sustaining power utility – one that can spearhead economic growth in Northern Ghana,” he said.
Mr Jackson said under the African Growth and Opportunity Act (AGOA) law, many goods from selected African countries, including many made in Ghana products, could be exported to the US free.
He said American customs experts regularly visits Ghana to ensure exporters know what goods qualify as duty free.
He said the US West African Trade and Investment Hub had partnered with Ghanaian apparel manufacturers to increase exports to the US from less than one million dollars in 2010 to more than 12 million dollars in 2017, making Ghana the largest West African apparel exporter to America.
“By the end of this year, we expect to boost Ghanaian apparel exports to nearly 30 million dollars annually and help put Ghana on the map as an international apparel producer”, Mr Jackson said.
He said when Ghana attains reliable electricity supply, what it would need would be a healthy and educated workforce to maintain it.
He said that is why the US government supported initiatives by Ghana government to combat malaria, improve nutrition, maternal and child health as well as address HIV and AIDS.
Again, he said, it was based on this that they supported the construction of Community-based Health Planning and Services Compounds that brought health services closer to people.
Mr Sylvester Galaa, Acting Principal of Wa campus of UDS, said the Ambassador’s interaction with the students created a rare opportunity for the university to obtain first hand information on US Diplomatic Relations with Ghana.
He urged the students to take advantage of many opportunities provided by the US government, especially in areas of education, economic empowerment and leadership training, to develop themselves and contribute to national development.
Postgraduate and undergraduate students from Faculty of Integrated Development Studies, School of Business and Law, Faculty of Planning and Land Management attended the session.
Source: GNA
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THE SO CALLED FREE $500 MILLION MILLENNIUM CHALLENGE ACCOUNT MONEY IS A SCAM. THIS PALTRY SUM OF MONEY FOR WHICH AMERICANS ARE PUSHING AUTHORITIES (BOTH NDC AND NPP) LEADERS TO ACCEPT AND IMPLEMENT IS A SHAM. IN THE POWER OR ENERGY SECTOR, $ 500 MILLION FOR WHICH TO OFFLOAD ECG AND NEDCO ASSETS TO A PRIVATE COMPANY FOR AMERICANS HAVE INTEREST IS A MOCKERY. DO YOUR OWN ANALYSIS.THE COST OF ONE KARPOWERSHIP IS ALMOST $400 MILLION AND AMERI IS $360 MILLION, BUI DAM IS IN THE NEIGHBORHOOD OF $400MILLION. TRUST ME, THE SO CALLED $500 MILLION MCA MONEY IS NOT IN THE COFFERS OF GOVT OF GHANA OR ECG TO INVEST/RETOL THEIR OPERATIONS ..RATHER A CHUNK OF THE MONEY IS FINDING ITS WAY BACK TO WASHINGTON . HUGE SUMS ARE CURRENTLY USED TO PROCURE EXPENSIVE V8 LANDCRUISERS AND FORD , PAY HUGE SUMS FOR EXPATRIATE FOR NEEDLESS CONSULTANCY SERVICES WHICH GHANAIANS CAN DO. THE PRESS SHOULD FOLLOW MCA OPERATIONS AND COST INCURRED SO FAR AND FIND OUT HOW MUCH WAS SO FAR SPENT ON EXPENSIVE HOTEL ACCOMMODATIONS FOR EXPATRIATS , FAT SALARY FOR EXPATRIATE WORKING ON THE MIDA/MCA TO PUSH THROUGH ECG TAKE OVER/CONCESSION. GHANAIANS HAVE LOST COMMANDING HEIGHT OF THE ECONOMY. HUGE TURF UNDER PETROLEUM EXPLORATION, MARKETING, TELECOM SECTOR,BANKING, MOBILE PHONE DISTRIBUTION. EVEN GALAMSEY IS BEING TAKEN OVER BY CHINESE. WHAT A PEOPLE ARE WE THAT WE CANNOT EVEN CONTROL/DORMINATE ONE MAJOR SECTOR OF OUR ECONOMY?
when did you become the managing director of ECG. pls stop the propaganda and the imperialist behaviours. Africans know who Americans are now.
PEACE FM REPORTERS PLS SEND REPORTERS TO ADENTA FRAFRAHA ON THE COMMANDOS STRETCTH AS THE RESEARCH INSTITUTE IS WALLING OFF RESIDENTS SO THEY CAN'T GET OUT OF THEIR HOMES.THERE ARE OVER 1000 HOMES THERE WITH PARENTS AND CHILDREN.THEY DIGGING NEW HUGE TRENCHES WHERE CHILDREN HAVING FALLING INTO HAVING SERIOUS INJURIES.THE YOUTH THERE ARE DEMONSTRATING AND THOUGH AND MOST RESIDENTS CAN'T GO TO WORK.AUTHORITIES ABD CIVIL SOCEITY MUST STEP IN BEFORE THINGS GET OUT OF HANDS SINCE THE LAND THERE HAS BEEN UNDER CONTENTION AND IN COURT.
Blame the clue11ess but greedy and incompetent bribe taker John Ford Mahama.... What did the NDC do with the huge oil money? Starched in Dubai by Mahama and his greedy appointees.
Ghana are not able to find solutions to none of their problems that they are generating through their own greed
Sell ECG for Ghanaians and Industries in Ghana to get our peace of mind and also to succeed. Amen