We’re committed to helping Ghana resolve current economic crisis – China assures

-

 

China’s Minister for Finance, Mr. Liu Kun says the Chinese Ministry is willing to help Ghana secure the balance of payments bailout from the International Monetary Fund (IMF).

According to him, the Chinese government has an obligation to ensure the Ghanaian economy does not collapse and this is due to the confidence the people of China have in the long-term economic prospects of Ghana.

“We know that these are short-term challenges which we as responsible creditors remain committed to resolving.  The long-standing and prosperous relationship between Ghana and China imposes on us, a responsibility to help. Chinese authorities have confidence in Ghana’s economic management and its long-term economic viability.”

Mr. Kun also added that “China believes in promoting debt sustainability and sustainable development.”

Mr. Liu Kun made the comments when Ghana’s Finance Minister, Ken Ofori-Atta led a delegation to engage China over a $1.7 billion debt.

The Ghana delegation is made up of Technical Officials from the Ministry of Finance, the Ministry of Foreign Affairs and the Bank of Ghana.

Mr. Ofori-Atta in a meeting with the Chinese government officials also discussed the bilateral talks with China on debt restructuring as well as seeking financial assurances for Ghana’s programme with the IMF.

Meanwhile, Mr. Ofori-Atta has earlier said discussions with the Chinese government on the country’s debt restructuring programme have been positive.

Comments

Post a Comment

Popular posts from this blog

Publish names of third party dealers involved in ‘Gold for Oil’ programme -CSOs

-
Image
 A group of Civil Society Organizations in the energy sector have called on the government to publish the names of third-party dealers involved in the ‘Gold for Oil’ programme. The call comes after some oil marketing companies (OMCs) withdrew from the programme due to unresolved concerns.  The Ghana Chamber of Bulk Oil Distributors has also expressed concerns about the implementation of the programme. Energy analyst and co-chair of the Ghana Extractive Industries Transparency Initiative (GHEITI), Dr. Steve Manteaw, said the government must publish the names of all intermediary dealers in the programme to promote transparency.  Speaking on Joy Business, he added that the current mode of the programme creates room for some operators to take advantage of the system. “There is no disclosure in terms of who is financing the domestic gold purchasing in this transaction. We are going to resort to the services of a third party. For instance, who is selling Ghana’s gold? if it’s a broker then t
Read more

Leader of the Movement for Change, Alan Kyerematen calls for support from CSOs in Ghana

-
Image
  Former Trades and Industry minister, Alan John Kwadwo Kyerematen, is calling on Civil Society Organizations to support him in his bid to become the President of Ghana as the country readies for the 2024 general election.     In a meeting held with some CSOs on November 14 in Accra, he shared his vision and plans which he calls the “Great Transformational Plan (GTP)” with all present.   According to Mr.Kyeremnten, the GTP is based on 15 pillars which are characterized into five clusters: economic, infrastructure, social services, environment and natural resources, and governance. He mentioned that the details of the GTP are still being worked on, allowing for more input from stakeholders. Various CSOs in attendance at the meeting, included IMANI Africa, Crusaders against Corruption, Non-aligned Voters Association, Backbone of Good Governance, Parliamentary Network Africa, Coalition of CSOs for African Continental Free Trade Area (AfCFTA), Second Connect Ghana, Africa Education
Read more

Prof Mike Oquaye to lead NPP’s Vetting Committee

-
Image
  The New Patriotic Party (NPP) has established a Vetting Committee to examine and approve potential presidential aspirants seeking to lead the party for the 2024 general election. The committee is expected to start work from July 3 to July 6, 2023.   As it stands now 11 presidential aspirants have picked nomination forms with only two filing as at Friday, June 16, 2023.  Alan Kwadwo Kyeremate, former Trade and Industry Minister was the first to file after paying GH¢300,000, followed by Vice President Mahamudu Bawumia on Friday.   According to Article 10(3)(F) of the NPP’s constitution, the Vetting Committee will include members chosen from different directorates of the party.   The committee consist of appointed statutory members, the Chairpersons of Standing Committees of the National Council, three members selected by the National Council, and representatives from other important sectors of the NPP.   Heading the Vetting Committee is Professor Mike Aaron Oquaye, a highly experienced
Read more