Mrs. Magdalene Apenteng,Director of the Public Investment Division of the Ministry of Finance addressing delegate at the conference
Mrs. Magdalene Apenteng,Director of the Public Investment Division of the Ministry of Finance addressing delegate at the conference

The conference created a platform for stakeholders to deliberate on pertinent issues that will promote development of the sub-region through PPPs.

Mrs. Magdalene Apenteng,Director of the Public Investment Division of the Ministry of Finance addressing delegate at the conference
Mrs. Magdalene Apenteng,Director of the Public Investment Division of the Ministry of Finance addressing delegate at the conference

The five-day conference, which started on October 26, is under the theme ‘Harnessing local opportunities, international expertise and resources to accelerate Ghana’s PPP agenda’.

Mr Michael N. A. Cobblah, the Chief Executive Officer of C-NERGY Ghana Limited, said the conference was necessary given that recent developments showed that socio-economic development should not be the sole responsibility of the government but also that of private entities.

He mentioned opportunities, knowledge and resource mobilization as the three key things the conference would consider to contribute to the development of the country and beyond.

“We must work hard to make our country and region an investment friendly destination before other people takes advantage of our resources and opportunities”, he said.

Mr Cobblah said a team of resource persons and professionals have been assembled to deploy case studies and network opportunities to help set the development milestones the PPP has targeted.

The CEO of the C-NERGY Ghana, which is a subsidiary of CGH, said the conference was the largest gathering of private individuals, institutions, governments and development partners.

He stressed that it seeks to connect the interest of public and private sectors in Sub Saharan Africa and the world at large by primarily steering the framework for implementation and attracting investors for PPP projects.

Mr. Cobblah disclosed that the conference would identify and transform local opportunities into bankable PPP projects that can be leveraged to promote economic growth and financial stability in the sub-region.

He added that the company would also harness those opportunities as it taps the expertise of professionals across the globe to attract both local and international capital.

A representative of the Ministry of Finance Mr. Cecil Okrah noted that governments across the sub-region had developed a common focus on PPP, which would allow the public sector to tap into the financial and human capital expertise of the private to promote development.

“While we push to do better, we recognize the competing demands on the national budget and continue to engineer new ways of meeting our infrastructure needs”. He said.

The Director of the Public Investment Division of the Ministry of Finance Mrs. Magdalene Apenteng stressed that Government’s PPP policy is currently before Cabinet for approval and noted when its approved it will foster good collaboration between the Public and the Private sector.

Addressing delegate at the Conference, Mr. Fred Ekow Gyan the Deputy Western Regional Minister of the Western Region noted that delegate should take advantage of the enabling environment provided by the Ghanaian PPP Framework.

He assured that the PPP Law will be passed soon and urged investors not to focus on the big projects driven from the Central Government alone.

He stated that opportunities at the local level are enormous and that Ghana will continue to provide investors the platform to invest their money for above-average returns at all levels.

The conference was sponsored by Tullow Ghana Limited and Ghana National Petroleum Commission and attended by representatives from C-NERGY Ghana Limited, Ministry of Finance, Regional Ministers, Traditional Rulers, Private Sector Development and Industry experts across the sub-region.

Source : Prosper Agbenyegah

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