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CPP will address balance of
trade issues - Duncan
Baakoniaba (B/A), Oct. 15, Ghanadot/GNA – Mr. Ekow Duncan,
Director of Operations for the Convention People’s Party (CPP),
on Tuesday said if elected into power, the Party would
improve the terms of trade between Ghana and its partners in
order to address balance of trade deficits and related
issues.
Mr Duncan said while he appreciated financial assistance to
developing countries by western partners, these loans later
turned to be huge burdens on recipients because of high
expenditure due to inflation, leading to poor terms of trade
and poverty.
He was speaking at a seminar organised by the Institute of
Economic Affairs for CPP office holders and its aspiring
parliamentary candidates drawn from the Ashanti and
Brong-Ahafo Regions.
The seminar was under the theme: “Towards An Understanding
of Party ideology, organisation, strategy and issues for
election 2008.”
Mr. Duncan said the late Dr. Kwame Nkrumah, Ghana’s first
president, stood vehemently against colonialism and to date
is recognised worldwide as the world’s authority in
colonialism.
“It is in this light that Nkrumah constructed lots of
warehouses across the country for the storage of cocoa so
there can be the supply management of raw materials to
control the marketing and pricing of the commodity on the
international market,” he stated.
He intimated the need for change in Ghana and said the CPP
was ready to lead that change by focusing on agriculture and
the manufacturing industry, and import substitution.
GNA
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