US PROVIDING 497 MILLION USD FOR ITS POWER AFRICA INITIATIVE

The United States (US) is supporting Africa’s power sector with an investment of 497 million US dollars to aid its transformation so as to assure the people and businesses of reliable electricity supplies, says US Ambassador to Ghana Robert Porter Jackson.

The assistance was being provided under President Barack Obama’s “Power Africa Initiative” aimed at boosting electric power supply across the continent, he said when addressing students and faculty members of the Kwame Nkrumah University of Science and Technology (KNUST) in Kumasi, capital of Ashanti Region (Province).

He was in the city this week to interact and explain to sections of the population, including the traditional authorities, his country’s policy towards Ghana in the areas of education, health, good governance, peace and security.

He noted that inadequate and erratic energy flow was unhelpful to economic growth and said it was for this reason that every effort must be made to radically improve the energy situation.

Jackson said the US was determined to provide strong backing to trade and investment promotion to create wealth and jobs for the people.

He expressed satisfaction with the increase in regional trade in agricultural products resulting from the West Africa Trade Hub and the Feed the Future programme of the US Agency for International Development (USAID). “We want to help create the environment in which businesses thrive.”

He also pledged continued support for initiatives to roll back malaria, improve nutrition and control the spread of HIV/AIDS infection.

Source: NNN-SABC