Business
GHANA’s willingness to host the Headquarters of the African Energy Bank was reaffirmed on September 7, 2023, in Accra during an audience granted by the President of the Republic of Ghana, His Excellency Nana Akufo-Addo to the Secretary General of the APPO, Dr. Omar Farouk Ibrahim, who led a delegation comprising his collaborators and the Managing Director of AEICorp, Zakaria Dosso. At this audience, were also in attendance the Ministers of Finance & Energy of Ghana as well the -CEO of GNPC.
“As a democratic country with good governance, Ghana is the best country to host the Headquarters of the bank,” the President said. A natural place to welcome all of Africa, through this bank, should add its Minister of Finance, Mr. Ken Ofori-Atta. Even if his colleague Energy Minister, Dr. Matthew Opoku Prempeh, recognizes that his country is not a major producer like large producers like Nigeria, Angola, or Algeria, all arrangements are made to meet all the requirements to host the Bank’s headquarters.
The Secretary General of the APPO has, during this audience, explained the context that led to the idea of the creation of the African Energy Bank, resulting from the recommendations of the Study conducted by APPO on the Future of the Oil and Gas Industry in Africa in the light of Energy Transition. This Study has identified three major imminent challenges posed by Energy Transition in the African producing countries, namely, finance, technology/Expertise, and market /infrastructure.
The President of Ghana, after listening carefully to his host, wished to warmly commend APPO pour this initiative which comes at a better moment to sustain the development of the continent for energy security and economic diversification.
The African Energy Bank, it should be recalled, is a joint project of APPO, and Afreximbank. As at today, five (05) APPO Member Countries have expressed their interest to host its headquarters, namely in alphabetical order: Benin, Côte d’Ivoire, Egypt, Ghana and Nigeria.
(culled from apposecretariat)
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-September. 07, 2023 @ 11:15 GMT |
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