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General News Fri, 23 Sep 2011

President Mills Talks Tough

Tells World Bank Ghana Has No Time To Waste

Ghana’s President, Professor John Evans Atta Mills, has told the World Bank at the Sixty-Sixth UN General Assembly taking place in New York, United States of America, that, with the clock of development ticking, his government has no time to waste, but will take desired actions which will accelerate his country’s development.

On the issues of the three Billion dollar loan facility Ghana is securing from China, on which the International Monitory Fund (IMF) has raised concerns, President Atta Mills, meeting with a Vice President of the World Bank, Miss Obiageli Ezekwesili, explains Ghana’s position on the facility indicating that, Ghana has a program with the IMF; and that though, they express concern over the three billion dollar-loan facility from China, Ghana needs to expand her economy by expanding the country’s infrastructure.

‘’Ghana has no time to waste, but to move with speed to put in place the Gas and oil Infrastructure’’ –President Mills said.

In her remark, Vice President of the World Bank, Miss Obiageli Ezekwesili said, she was confident that Ghana will use the money from China judiciously, and for the benefit of her people. She praised the President Mills-led government for staying focused and remaining resilient with his pledge of building a better Ghana.

Miss Obiageli Ezekwesili urged President Mills to use the Chinese loan facility into the right sectors, to make Ghana a strong middle income economy. President Atta Mills also met with a delegation from Cosmos Energy and the Black Stones Group, where he assured them of his government’s desire to partner and collaborate with investors for mutual benefits.

‘’My government will keep making the business environment congenial, to attract investors into the country’’; President Mills said. He urged investors to also respect and abide by the laws of the county, to enhance bilateral and multilateral relations.

The Black Stone Group expressed its intention to help with the construction of two new Universities in the Volta and Brong Ahafo Regions, respectively.

Source: The Informer