NDC congratulates organisers and delegates of A A-A summit

Accra (Greater Accra), 21st May ?99 ?

The National Democratic Congress (NDC) on Thursday expressed its appreciation for the Fifth African African-American Summit currently going on in the country and said the ideals the summit represents validate the position the party has always held.

A statement issued and signed by Mr Vincent Asiseh, National Press Secretary of the party, said the NDC believes Ghana and the rest of Africa should be integrated into the global economy, "with the view to attracting direly needed private investment".

The biennial Summit, the brainchild of the Reverend Dr. Leon Sullivan, an African American, which started on Monday, reached its climax on Wednesday.

Twelve heads of state, a monarch and top government officials from the United States and other African states met to discuss the future of the continent.

"Certainly, Africa is deserving of all the attention it is getting here in Accra this week. Political stability and liberalised economies are enabling

investors to reap returns on investment, which can compete with the best on offer anywhere in the world and at acceptable level of risk too''.

The statement said the NDC has always held the view that Africa needs inflows of foreign investment in significant quantum to fuel the continent's accelerated economic development.

"This is why the NDC government has painstakingly worked to put in place a stable multi-party democratic policy and a liberalised, free market economy, which are the essential ingredients required to create a proper enabling environment to attract such foreign investment''.

It said the ongoing summit, which has proved to be the best in terms of attendance, represents a major step towards the realisation of the ultimate goal of achieving appreciable higher living standards for Africa's populace.

The NDC extended its hearty congratulations to the organisers and delegates at the Summit, which would eventually make Africa a more attractive investment destination than ever before, the statement added.