The acting Chief Executive Officer (CEO) of the Millennium Challenge Corporation (MCC), Mr Jonathan Nash, has commended President Nana Addo Dankwa Akufo-Addo for the work he has done within his first year in office to turn
around the fortunes of the Ghanaian economy.
Describing President Akufo-Addo’s first year in office as successful, Mr Nash was also upbeat about the impact of the Millennium Challenge Compact II agreement on the Ghanaian economy.
He made the commendation when he paid a courtesy call on President Akufo-Addo on Saturday, February 24, 2018, ahead of the Winter Meeting of the National Governors Association of the United States of America (USA) in USA.
He said under the leadership of President Akufo-Addo, the $498 million compact would help Ghana to transform its power sector through private sector participation.
Compact
Mr Nash said the compact would also ensure that the policy and institutional reforms would provide more reliable and affordable power to businesses and households, as well as boost the nation’s economy.
“We are excited about the positive impact and economic growth that can be generated from the investment,” Mr Nash said, adding “we are ready to stand by your side in whatever way.”
Bilateral meetings
For his part, President Akufo-Addo said Ghana would ensure that the September 2018 deadline for the implementation of key agreements stipulated in the Second Compact is met to enable the country to access the remainder of $198 million by the corporation.
That, he said, was because “the structure of the understanding with the MCC is much more to our liking than what we inherited. We now have a strong Ghanaian involvement in the ECG concession agreement, and it is a very important consideration for us.”
“At the end of the day, we have to build capacity in our country. We cannot depend, with the greatest of respect, on people like you forever and ever. Ghanaians have to stand up and take control of their own affairs, and show themselves capable of managing (ECG) efficiently,” he added.
Prior to the meeting with the acting CEO of the MCC, President Akufo-Addo held separate bilateral meetings with the Governor of Texas, Mr Gregory Wayne Abbott, and Mr James Reuben, a former US Assistant Secretary of State.
