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PNC calls for non-partisan evaluation of world
economic crisis
Accra, Oct. 14, Ghanadot/GNA – Ms Petra Maria Amegashie,
Peoples’ National Convention (PNC) Running Mate on Tuesday
called on the ruling New Patriotic Party (NPP) to
immediately constitute a non-partisan economic think tank to
monitor, evaluate and direct the government, business
community and public on how to mitigate the global economic
crunch.
She said the world financial indications showed the economic
growth of most countries would slow down sharply this year
and next, with advanced economies likely in recession
already, reflecting mounting damage from the most dangerous
shock in mature financial markets since the Great Depression
in the 1930s.
Ms Amegashie therefore, called on government to constitute
the economic think tank to assess possible impact on the
Ghanaian economy.
“We need to sort for ideas from a non-political perspective,
to prepare now, educate the public on how to manage the
crisis,” Ms Amegashie stated during a press conference in
Accra to officially name her as Dr Edward Nasigrie Mahama’s
running mate for Election 2008.
The press conference attended by many media personnel had
party supporters who thronged the venue singing and dancing
to brass band music.
According to the International Monetary Funds’ (IMF) latest
projections, the global economy, which grew by five per cent
last year, would lose a considerable speed, slowing to 3.9
per cent in 2008 and weakening even more to just three per
cent, next year the worst showing since 2002.
The IMF projections indicates that growth in emerging and
developing economies is expected to decelerate, falling
somewhat below trend during the second half of 2008 and
early 2009.
Ms Amegashie noted that while the crisis sparked by the
United States sub prime home loan collapsed, it affected the
main advanced economies most acutely, emerging and
developing countries such as Ghana was not immune from the
global financial stress.
She appealed to the donor communities not to forget problems
faced by developing countries, the poorest ones in
particular, while they focused on their own problems.
Present was Dr Edward Mahama PNC Flag bearer for Election
2008, Alhaji Ahmed Ramadan, National Chairman, Mr Bernard
Mornah, General Secretary and other leading members of the
party including Members of Parliament.
GNA
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