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
-
Firefighters battle blaze at Accra New Town apartment
17 seconds -
Ghana receives five new envoys to strengthen diplomatic relations – Ablakwa
34 minutes -
Europe’s tallest Virgin Mary statue unveiled in rural Poland
34 minutes -
Sammi Awuku denies reports of EOCO arrest
41 minutes -
Stonebwoy makes history at OVO Arena Wembley with monumental BHIM Festival
1 hour -
Qatar denies capturing three Iranian pilots after downing fighter jets
2 hours -
Tano North chiefs petition Mahama over galamsey destruction in River Tano
2 hours -
Kalpohin SHS, NOBISCO qualify to represent Northern Region at National Public Speaking Competition
2 hours -
Missing records of illegal gold purchases in Ghana raise concern – Duncan-Williams
3 hours -
Duncan-Williams warns of powerful interests targeting GoldBod
3 hours -
We need to pray for GoldBod – Duncan-Williams
3 hours -
Strong favourites or tougher task – will Arsenal defend their title?
4 hours -
Passengers escape death as VIP travelling from Kumasi to Sunyani catches fire
4 hours -
Ariana Grande leaves problems at home as her tour hits the UK
4 hours -
Multiple suspects at large after five shot at Virginia State University, police say
4 hours