Daily Graphic

In a lead headline story, the Graphic reports that Ghana has settled all her financial commitments, both In terms of share subscription and loan repayments, with the African Development Bank AfDB. Ghana has also been rated among the best African countries in terms of AfDB-financed project execution.

The Graphic attributed the disclosure to Mr Moses Asaga, Deputy Minister of Finance at the 35th and 26th annual meeting of the bank and the African Development Fund (ADF) respectively in Cairo, Egypt.

The paper says the meeting brought together more than 1,000 participants, including African Ministers of Finance, Governors of Central Banks, chief executive of commercial banks, representatives of multinational and regional institutions, external shareholders of the bank and the media.

Mr Asaga is reported as saying that in view of the good performance of Ghana with the ADF, the government and the AfDB will soon conclude discussions on the 1999-2000 programme under which the bank will finance and co-finance a number of projects in Ghana.