30.2 C
Accra
Sunday, November 28, 2021
No menu items!

Former President John Agyekum Kufuor defends declaring nation HIPC in 2001

Must Read

Kaneshie Market footbridge in bad state

By: Rachel Kakraba Commuters who use the Kaneshie Market footbridge for safe crossing to and from the market, have raised...

Prime Minister Mette Frederiksen visits Osu Castle to re-live Danish-Ghanaian History

BY OFORIWA DARKO On day two of the Prime Minister of Denmark’s working visit to Ghana, Mette Frederiksen, toured the...

NPP Parliamentary Caucus maintains 2022 Budget has not been rejected

By: Bubu Klinogo The New Patriotic Party (NPP) Majority in Parliament has asked Ghanaians to disregard reports that the 2022...

Former President John Agyekum Kufour has defended his decision to declare the country (HIPC) in 2001.
He said declaring Ghana HIPC at that time was significant in putting the economy back on track.
According to former President Kufuor the decision was strategic because the economy he inherited was so bad that all donor partners abandoned Ghana.
He said he came to government with the economy flat on its face, weighed down with debts and the country was described as not credit worthy.
He said declaring a HIPC status gave the then government some liquidity to operate because most of the interests it had accumulated were forgiven and helped to restore the macro-economic stability of the state.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Kaneshie Market footbridge in bad state

By: Rachel Kakraba Commuters who use the Kaneshie Market footbridge for safe crossing to and from the market, have raised...

Prime Minister Mette Frederiksen visits Osu Castle to re-live Danish-Ghanaian History

BY OFORIWA DARKO On day two of the Prime Minister of Denmark’s working visit to Ghana, Mette Frederiksen, toured the Osu Castle, also known as...

NPP Parliamentary Caucus maintains 2022 Budget has not been rejected

By: Bubu Klinogo The New Patriotic Party (NPP) Majority in Parliament has asked Ghanaians to disregard reports that the 2022 Budget has been rejected. Last night,...

2022 Budget proceedings unconstitutional – Majority 

By: Bubu Klinogo Reports indicate that Parliament last night voted in an attempt to reject the 2022 Budget Statement and Economic Policy of the  government,...

#FixTheCountry Movement accuse Police of denying them access to Parliament

By Nathaniel Nartey Facebook: Nathaniel Nartey Twitter: @Annertey­_Nartey An intended presentation of a petition by members of the #Fix The Country Movement, to Parliament on November...

More Articles Like This