Business News of 2014-01-27

Ghana, Japanese company hold bilateral discussion

The Minister of Trade and Industry, Mr Haruna Iddrisu, has reiterated the government’s commitment to increase the nation’s electricity generation capacity from the current 2,800 megawatts to 5,000 by the end of 2016.
He said there were as many as 500 rural communities across the country in the Western, Central, Upper East, Upper West, Northern, Brong-Ahafo and the Volta regions that were still desirous of getting connected to the national grid.
Mr Iddrisu said this during a meeting with a Japanese trade delegation which included Marubeni Corporation, and assured Ghana's industrial players that the government would continue to ensure adequate and sustainable supply of utilities, particularly water and electricity.
The Trade Minister appealed to Marubeni Corporation to secure concessionary funding from Japan for the extension of rural electrification under the self-help rural electrification initiative.
“We would be happy to work with you to extend electricity in order to give meaning to President Mahama’s declaration of energy for all by the year 2016,” he said.
Mr Shigeru Yamazoe, Senior Managing Executive Officer of Marubeni Corporation, said Ghana was currently one of the most important partners of Marubeni Corporation from the sub-Saharan region.