Ghana’s Minister for Energy, Dr Matthew Opoku Prempeh, has impressed on Arab Bank for Economic Development in Africa (BADEA) to consider investing in Ghana’s transmission infrastructure if they are looking for an area to invest in Ghana.
The Minister made this appeal when a delegation from the Arab Bank for Economic Development in Africa (BADEA), led by their Director General, Mr. Sidi Tah paid a visit to the Minister.
BADEA, in collaboration with Arab funds such as the Saudi, Kuwaiti, Abu Dhabi funds, has since 1975 executed over 38 major projects across various sectors in Ghana.
Mr. Tah told the Minister that the team was in Ghana to rejuvenate the relationship with Ghana and to assure him that the bank had undergone some reformation to deliver more efficiently to its business partners across the continent.
In a Facebook post sighted by energynewsafrica.com, Dr. Matthew Opoku Prempeh said: “I shared my appreciation for their continues support to Ghana in the area of infrastructure and rural development. In answering their question about the Ministry’s priorities, I pointed out that, among others, the Ghana Grid Company (GRIDCo) is undertaking a major infrastructure upgrade across the country to match the growing demands of the population. Transmission lines which were installed in the 1950s and 1960s are being replaced; presenting a good opportunity for investment from entities such as BADEA.
“With investment into the right areas, Ghana could be industrialising sooner than later – having been blessed with so many natural resources,” his post concluded.