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Ghana and the US renew commitment to deepen economic
cooperation
From Kwaku Osei Bonsu, GNA Special
Correspondent, New York
New York, Sept. 27, Ghanadot/GNA – Ghana and the United
States (US) on Wednesday renewed their commitment towards
deepening trade and investment relations for their mutual
benefit.
Ghana enjoys strong economic partnership with the US, whose
Overseas Development Assistance (ODA) to Africa stands at
over six (6) billion dollars.
The country is the biggest recipient of the Millennium
Challenge Account (MCA), a development grant to reward
countries that rule justly, fight poverty and promote
private sector growth.
Ms Jendayi Frazer, the US Under-Secretary for Africa, told
the press after bilateral talks between President John
Agyekum Kufuor, and Secretary of State, Dr Condoleezza Rice,
that they would continue to support Ghana with grants.
“The partnership is benefiting both of our countries and
Africa.”
Dr Rice is Chairman of the MCA, and assured President Kufuor
of their determination to speed up the release of funds for
implementation of Ghana’s MCA compact to modernize and
transform the country’s agriculture.
She also acknowledged the tremendous economic strides Ghana
was making, something, that was being reflected by its high
rating by international institutions.
The US Secretary of State congratulated President Kufuor for
his strong leadership, domestically, and role in solving
problems in Africa.
President Kufuor had earlier granted audience to the
President of the World Bank, Mr Robert B. Zeollick, who
lauded Ghana as a great success.
He said the Bank, through the International Finance
Corporation (IFC) would develop special equity and
infrastructure funds to support the country’s private sector
for sustained growth of the economy.
His meeting with President Kufuor was to help the Bank to
get a sense of the country’s priorities to enable them to
work better with it.
President Kufuor said the Government was determined to stay
the course of prudent economic management and financial
discipline.
“We would maintain the standard. We want to hasten our self
discovery.”
President Kufuor was in New York for the 62nd Session of the
United Nations (UN) General Assembly.
GNA
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