Prez Mahama swears-in GIF Board of Directors

President John Dramani Mahama on Wednesday swore-in a nine-member Ghana Infrastructure Fund Board of Directors with the assurance that the public and private sector would leverage the fund for growth.

The members are; Mr Ato Ahwoi, Chairman, Mr Steve Nartey, Acting Chief Executive Officer of GIF, Van Lare Dosoo, Retired Banker, Clifford Mpare, Chairman and CEO, Frontline Advisors, David Ofosu Dorte, Legal Practitioner and Chairman of AB&David Law.

The rest are; Philip Sowah, Engineer and former CEO of Airtel, Ghana, Clara B. Arthur, IT Business Specialist and CEO of CHB Services Limited, Mrs Kate Quartey-Papafio, CEO REROY Cables and Nana Afoa Appiah-Korang, Director of Emerging Capital Partners, Nigeria.

President Mahama said GIF, would spearhead development in the country to address deficits in the Transport, Railways, maritime and energy sectors in the coming years.

He said India, Indonesia, and Bangladesh had established the Infrastructure funds that were working for them and gave the assurance that GIF would provide the long term financing for development projects.

He said with the fund available, Ghana could also start processing more of the raw materials into finished goods for better prices and job creation in the country.

Mr Ato Ahwoi, Chairman of the Board of Directors, commended the President for appointing them and gave the assurance that they would work hard to justify the confidence reposed in them

He said the fund would tackle the pressing needs in the areas of energy, among others, to make Ghanaians more comfortable.

Mr Seth Terkper, Minister of Finance said Nigeria had already established the fund while Gabon and Angola were also working around the clock to establish theirs.