Ghana urges banks to invest in its energy sector

10 May 2013

Ghana’s vice president Paa Kwesi Bekoe Amissah-Arthur has invited banks and other private investors to help develop the nation’s energy sector, according to Ghanaian media.

In a discussion with Andrew Dell, chief executive of HSBC Bank Plc, on the sidelines of the World Economic Forum on Africa summit in Cape Town this week, the vice president said Ghana has had success in public private partnerships which could be replicated in the energy sector.

Mr Amissah-Arthur said Ghana wants to engage the private sector "to reduce the huge burden of financing public projects and government debt", according to Ghana Business News.

Ghana’s vice president and HSBC chief executive

 

 

 

 

 

 

 

 

 

Mr Dell reportedly suggested the possibility of building a power station in Ghana, and said HSBC Bank had very developed knowledge in power generation.

Mr Amissah-Arthur "welcomed the proposed investment of the HSBC Bank in Ghana’s energy sector" .

The Ghana Broadcasting Corporation reported Mr Dell as saying that "HSBC has had… long standing relations with Ghana through Cocobod and other institutions and welcomed the government’s new drive towards public private partnership" and that Mr Dell said "HSBC was keen on operating from Ghana".