
Audio By Carbonatix
US Treasury Secretary, Mr Henry M. Paulson, has given high marks to Ghana for moving beyond donor support to venture into the capital market.This, he noted, was an important economic decision that would help to speed up the pace of the country's development.Mr Paulson, who is in Accra as part of a five-day mission to Africa to promote economic opportunities, jobs and investment, said this when he held discussions with President John Agyekum Kufuor at the Castle, Osu, on Monday.He had earlier met with the Minister of Finance and Economic Planning and visited the Ghana Stock Exchange."My visit, Mr President, is to underscore the outstanding leadership by you and your Finance Minister. Ghana has opportunities for investment."The US Treasury Secretary said he was impressed with the performance of the Ghana Stock Exchange, noting that it had earned a good image not only in Africa but the world at large.There have been good returns for those who have invested there within the last two years.President Kufuor said the Government was encouraged by the acknowledgement of its management of the economy.The visit to the Stock Exchange, he said, showed that it was moving in the right direction.President Kufuor also met with the President of the African Development Bank (AfDB), Mr Donald Kaberuka, and reiterated the Government's determination to stay the course of the financial discipline that has brought stability and led to the growth of the economy."We will continue to submit to the discipline of our economy, despite the coming 2008 general elections."He called on the Bank to hasten the release of funds for infrastructure development, particularly roads.It should also assist the country to restore its railway system, an investment, President Kufuor said, would pay back quickly.He said the coming into the country of the US Treasury Secretary and the AfDB President, were significant and should help to clear any doubts about the strong performance of the economy.Mr Kaberuka urged the Government to continue to maintain financial discipline, saying, Ghana was on course to becoming a middle-income country and the capital market was responding well.He said the bank would help to boost the capacity of the country's financial infrastructure.Meanwhile, Gabon's Foreign Minister, Ms Laure Olga Gondjout, was also at the Castle to convey a message of sympathy and solidarity from the Gabonese President Omar Bongo to President Kufuor for surviving last Wednesday's car crash.Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Nurse laureate launches Cancer Care Africa Foundation to tackle late diagnosis, workforce gaps
50 minutes -
Ghana to lose GH¢18.15bn in revenue by 2027 from abolishing Covid levy, E-levy – CPS study
1 hour -
Reintroduce scrapped taxes to close revenue gap – Tax expert
1 hour -
GRA applauds CPS study, urges continuous policy scrutiny
1 hour -
Wear blue or green hat to survive – IBAG president says insurance industry ‘captured by politics’
2 hours -
AGI commends government’s move to resolve the power crisis in Volta and Oti Regions
2 hours -
Broker sector worse hit by state interference – IBAG president reveals
2 hours -
IBAG president alleges political interference driving kickbacks in insurance sector
2 hours -
Trump agrees to two-week ceasefire, Iran says safe passage through Hormuz possible
3 hours -
Dozens killed as Angola flood death toll rises
3 hours -
Russia confirms deaths of 16 Cameroonians fighting in Ukraine war, Yaounde says
3 hours -
Plan to scrap presidential elections puts Zimbabweans at loggerheads
3 hours -
Guinea-Bissau transporters strike over higher fuel prices
4 hours -
Iran ceasefire deal a partial win for Trump – but at a high cost
4 hours -
Oil slides below $100 after Trump announces two-week ceasefire
4 hours