Business News of 2014-04-24

BOG forex measures are not meant to frustrate investors --Veep

The Vice President, Kwesi Amissah-Arthur, says recent forex measures announced by the Bank of Ghana are not meant to frustrate investors but rather they are aimed at reducing over dollarisation of the economy.

The Vice President pointed this out when he hosted officials of Sumitomo Corporation and CenPower at the Flagstaff House, Accra on Wednesday.

The two entities are jointly working on developing 340 megawatts independent power project at Kpone.

Mr. Amissah-Arthur observed that there is been an incremental growth in the demand for power over the years adding that government welcomes more companies to invest in power and other sectors of the economy.

He said investment by independent power producers is of critical importance to Ghana and government will continue to engage with them to ensure the speedy resolution of issues facing such investors.