Non-deal roadshow team moves to New York
A team of senior government officials, led by the Vice President, Dr Mahamudu Bawumia, have moved to New York to sell Ghana’s success story on a non-deal roadshow.
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The roadshow is expected to help attract investors into the country and comes a day after the annual spring meetings of the World Bank and International Monetary Fund in Washington DC in the United States of America.
The team had earlier been to London on a similar mission where they met Ghana’s bond holders, potential investors, US government officials and other key stakeholders to share the government’s plan to address the country’s debt, attract new investment and create jobs.
The delegation included Senior Minister, Mr Yaw Osafo Maafo; the Finance Minister, Mr Ken Ofori-Atta; the Governor of the Bank of Ghana, Dr Ernest Addison; the CEO of the GIPC, Mr Yofi Grant, and the President’s Advisor on Media and Special Projects, Madam Oboshie Sai-Coffie.
Vice President Dr Bawumia told journalists after meeting some investors in Washington that the New York trip was to meet with Ghana’s bond holders to discuss the pillars of the government’s economic management agenda: revenue growth, expenditure management, debt management, wage bill management and capping of earmarked funds to free up fiscal space.
The delegation met also with the Ghanaian community at the High Commission to share the government’s plans for revitalising the economy.
A statement issued by the delegation said: “On Wednesday, the Vice President and the Minister of Finance addressed an enthusiastic crowd of more than 300 in Washington in an event held by the Centre of Strategic and International Studies entitled, “Spotlight on Ghana.”
“The audience comprised US government officials, policy makers, journalists, NGOs, members of the Diaspora, think tanks, and the private sector,” it said.
Dr Bawumia presented opening remarks regarding the government’s immediate priorities to reignite the country’s economy by creating jobs in the agriculture sector, cutting taxes and removing other barriers to investment and increased production.
Mr Ofori-Atta was joined on a panel by John Rice, the Vice Chairman of the General Electric Corporation, and Alain Ebobisse, CEO of Africa 50.
He presented the Government of Ghana’s strategy for addressing the budget deficit and debts the goverment inherited.
He also responded to questions from the audience during which he detailied the steps being taken to improve the investment climate in the country and enhance local capacity by improving education and enforce local content requirements for new investments.