General News of Tuesday, 3 February 2015
President John Dramani Mahama has set up a nine-member board of directors for the Ghana Infrastructure Investment Fund(GIIF).
The Board will advise the Minister on viable projects to be financed by GIIF, including those involving special purpose vehicles (SPV) such as joint venture (JV) and public-private partnership (PPP) projects.
A statement signed by the Chief of Staff, Prosper Bani, named Mr. Ato Ahwoi as Chairman of the Board and Mr. Steven Nartey as acting Chief Executive of the Fund.
Other members of the Board are Lionel Van Lare Dosoo, a former Deputy Governor of the Bank of Ghana, Phillip Sowah, an engineer and former CEO of Airtel Ghana, Clara Arthur and Nana Afoa Appiah-Korang.
The others are David Ofosu Dorte, Kate Quartey-Papafio and Clifford Mpare.
In line with the provisions of the GIIF Act of 2014, the President has also appointed five persons to an Advisory Committee for the Fund.
They are Finance Minister Seth Terkper, Central Bank Governor Dr. K.A. Wampah, Acting Director-General of the National Development Planning Commission Dr. Nii Moi Thompson, President of the Association of Ghana Industries James Asare-Agyei and Phyllis Christian of Shawbell Consulting.
The GIIF was set up to deal with the huge infrastructure deficit.
The fund also focuses on strategic infrastructure to support both the public and private sector infrastructure projects.