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Business News of Wednesday, 28 January 2009

Source: Joy

Ghana is not broke - Dr. Kwabena Duffuor

The Minister of Finance-designate, Dr. Kwabena Duffuor says contrary suggestions by sections of the government, the country is not broke.
According to him, the country is facing temporarily difficult challenges that could, and must be resolved.
There have been claims and counter claims by the NPP and the NDC about the true state of the economy with the NDC arguing the country is broke and the NPP saying the claim is incorrect.
Speaking to Joy News’ Israel Laryea, Dr. Duffuor said the biggest problem of the country is the fact that it lives beyond its means, stressing the need for waste cutting.
The former governor of the Central Bank said he would work to motivate the public sector to work hard and increase productivity.
If the public sector under-performs, he contends, then government’s plans and objectives cannot be achieved.
He stressed the need to increase food production so that the country can reduce its food imports.
Dr. Duffuor said he was aware “no one has all the answers to the” country’s economic problems and will welcome anybody who wishes to share ideas with him on the way forward.
Story by Malik Abass Daabu