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General News of Tuesday, 3 October 2000

Source: GNA

Ghana's foreign debt is $7 billion - Anta

CHIRAA, - Mr Adam Mohammed Amin Anta, NPP Parliamentary candidate for Choggu Tishigu constituency in the Northern Region has stated that Ghana's foreign debt burden stands at 7 billion dollars.

He said despite this huge capital inflow to the economy since 1983, the government complains of no money. Mr Anta was speaking at a rally at Chiraa in the Sunyani West constituency on Sunday when the NPP constituency campaign was formally launched.

The aspiring MP said the government exceeded its Value Added Tax (VAT) revenue target in 1999 by 13 per cent, which amounted to 900 million cedis, and asked what this money had been used for.

Mr Anta, who was a former President of the National Union of Ghana Students, said the country's education system is in deep crisis as a result of the poor management of the economy by the NDC government.

He said the government has been misapplying the country's resources on unnecessary things such as the acquisition of a presidential jet when it could not provide the bare necessities in the education and health sectors.

He therefore called on Ghanaians to withdraw the NDC's mandate and vote the NPP into power to rescue the country from the doldrums.