President John Evans Atta Mills says his government will fast-track investment in human resources, key infrastructure development and the country’s nascent oil and gas industry.
President Mills who was giving the state of the nation address in Parliament Thursday February 25, 2010 said government will also invest in agriculture.
He said Ghana is about to become a major oil and gas producer.
“I have already instructed the Energy Ministry and the Ministry of Transport to fast-track investment in appropriate infrastructure including a deep sea port with an oil services facility and the rehabilitation of the western railway corridor,” he said.
“These flagship investments will not only create significant employment themselves, but will also support the growth of other industries.”
“What is more, the development of the oil and gas sector will allow for the development of higher efficiency gas turbines which will in turn ensure a dependable electricity supply at internationally competitive tariffs.”
President Mills said the government will also facilitate the development of a reliable, cost-effective and world class communications infrastructure.
Oil was discovered in commercial quantities in Ghana in 2007. Commercial production is expected by the last quarter of 2010.
By Emmanuel K. Dogbevi