China offers
two billion dollars to Ghana
Accra, Sept. 18, Ghanadot/GNA
- China has offered Ghana a concessionary loan of two
billion dollars to help government in its efforts to
sufficiently stabilize the economy for the necessary growth,
the Minister for Finance and Economic Planning, Dr. Kwabena
Duffuor, has told Cabinet.
A statement signed by Mrs Zita Koikoi, Minister of
Information, said Dr Duffuor also informed the seventh
cabinet meeting that the economy had stabilized and that
when the loan is injected into the economy it would help
push inflation further down.
The statement said a memorandum on the recommendation for
the implementation of Destination Inspection Scheme to
facilitate trade was submitted for the consideration of
Cabinet by the Minister of Trade and Industry.
It said Cabinet was in favour of the idea of the
Public/Private Partnership arrangement to prepare the
Customs, Excise and Preventive Service (CEPS) to take over
but cabinet deferred decision on the issue.
The statement said cabinet directed the Minister of Trade
and Industry to hold discussions with the labour unions,
civil society organizations and other stakeholders to
explain to them in detail government’s position and
implementation for Ghana’s trade relations with the European
Union when the Minister submitted an information paper on
“Negotiation of the Ghana Stepping Stone Economic
Partnership Agreement” for discussion by Cabinet.
It said a Memorandum on the Strategic Plan for the National
Youth Employment Programme was also considered adding that
Cabinet affirmed government’s determination to the effective
mobilization of the youth and pledged to create the enabling
environment for them to explore their talents and realize
their full potentials.
It said all Sector Ministers were instructed to develop
strategy papers on job creation beyond those contained in
existing programmes and projects.
The statement said Cabinet affirmed its commitment to the
promise that it would ensure all public sector employees
were paid remuneration that is fair and equitable with
regard to the memorandum on the implementation of the Single
Spine Pay Policy.
Cabinet further approved in principle the memorandum on the
establishment of an Engineering Council for Ghana.
The statement said the two senior presidential aides in the
policy unit of the presidency briefed cabinet on the
strategies they had adopted to ensure effective
implementation of government policies.
The Ministry of the Interior reassured cabinet that the
security agencies were in control of the internal security
of the country and this was corroborated by the National
Security Adviser.
GNA
