US Exim Bank to expand American businesses in Ghana

The US Exim Bank on Tuesday announced that it is set to support and expand American business interests in Ghana.

Vice Chairperson of the Bank, Wanda Felton said the expansion programme was part of the long term plan for more economic co-operation with Africa announced by US President Barack Obama in 2009.

At a meeting with Ghana’s President John Evans Atta Mills at the Osu Castle in Accra, Ms Felton said it is the goal of the US to double its export to Ghana by 2015.

Ms Felton praised the good investment climate in Ghana and said the US would continue to maintain a long term partnership with the country.

She said the Bank would support American business interests and use it as a medium to expand its business co-operation with Ghana.

The US Exim Bank, according to the Vice Chairperson, supported the construction of the Akosombo Dam in 1961, and was supporting the energy sector for the last decade, through the rural electrification and the Self Help Electrification Programme.

An amount of $575 million had been invested into the energy sector, small and medium enterprises in the last decade, Ms Felton said.

Other areas of target interest are agribusiness, trade and commerce.

President Mills welcomed investors into the Ghanaian economy and said the country is ready to partner genuine investors for mutual benefits.

He stressed the need for Ghana to take advantage of positive opportunities and co-operation to address the challenges of doing business among the nations.

President Mills asked investors to take advantage of the good investment climate in Ghana and establish or expand businesses that would help to improve and ensure better lives of the people.

Source: GNA