Flagbearer of the Convention People's Party (CPP), Mr. Ivor Greenstreet, says government under the CPP will not borrow money from international development organisations for the economic recovery of the country.
He opines that his administration, in trying to restore faith in government, will take that path of internal initiatives in the quest to generate enough revenue for the re-establishment of the economy from the ravaging effects of Covid-19.
"We will not even start new projects but concentrate on completing existing projects. The scale of our debt crises is monumental and we will begin to face it next year" he added.
Mr. Ivor Greenstreet was speaking during a Joy News' and IMANI Africa's "Minority Political Parties Debate" on Thursday, October 15, 2020.
According to the CPP Presidential candidate, debt accumulation for what he refers to as 'temporary benefits' through borrowing from external sources is outrageous.
"There are areas where we can tackle remittances for foreign companies. We can change the laws with regards to how much we earn from our resources, and those are areas we can look to generate more money internally" he noted.
Mr. Ivor Greenstreet further explained that for the economy to recover from its debt of GH¢230 billion, the CPP will engage in a detailed plan that sees to it that adverse effects in other sectors are alleviated.
"We can also have an intentional industrial policy, we can mobilise internal resources, we can control capital influence, we can earn more from our natural resources and we can be far more efficient in our own government practices" he added.
Latest Stories
-
Samson’s Take: Arrogance of Power, Shameful Policing
5 hours -
Burnley score late to draw with Manchester United at Old Trafford
8 hours -
Bayer Leverkusen extend unbeaten run to 46 games after draw with Stuttgart
8 hours -
Chelsea come from two goals down to draw against Aston Villa
8 hours -
Andre Ayew scores in Le Havre’s 3-3 draw with PSG
8 hours -
GPL 2023/24: Kotoko draw with Medeama; Samartex go 7 points clear of Nations FC
8 hours -
Mahama cuts sod for construction of new multipurpose Jakpa palace in Damongo
8 hours -
NSS management assists Papao fire victims
9 hours -
EXPLAINER: Will dumsor end soon?
9 hours -
IMANI Africa takes on EC, accuses it of lying and publishing half truths
10 hours -
Manasseh Azure calls for investigation and prosecution of those responsible for GRA/SML contract
10 hours -
Kwesi Atuahene: Ghana’s health capital depends on HealthTech – Africa Center for Digital Transformation
11 hours -
13 signs your wife is planning on leaving you and you have no idea
11 hours -
IMANI Africa: Ghana’s EC’s dangerous and pathological conduct
11 hours -
If I speak there will be fire – Salah on Klopp row
12 hours