Friday, December 09, 2005

Ghana to enjoy more dept forgiveness

Accra Daily Mail - Online

Ghana to enjoy more dept forginveness

GNA | Posted: Thursday, November 10, 2005

The 100 per cent multi-lateral debt forgiveness which would save the country 4.3 billion dollars would be implemented next year, President John Agyekum Kufuor has announced. The International Monetary Fund (IMF) would implement its forgiveness in January, while the World Bank would do so in July.

President Kufuor said the dept forgiveness would create a lot of space, which the government is determined to exploit efficiently, with the continued consultation with development partners whose advice had helped Ghana turn the corner away from the economic doldrums of the past.

Representatives of IMF, European Union, UN, US and Canada gave the thumbs-up for Ghana's economic success story and pledged to sustain their partnership with the country.


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