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General News Sat, 21 Apr 2001

Dan Lartey suggests alternative to HIPC

Mr Dan Lartey, presidential candidate of the Great Consolidated Popular Party (GCPP) in the last general election said on Friday that the country needs to adopt a domestic capital approach to reactivate the economy, as an alternative to the Highly Indebted Poor Countries (HIPC) initiative.


"What the government must do now is to establish an agricultural development consortium to boost the productivity in that sector and create the domestic capital that will take the economy out of the woods," he explained.


Mr. Lartey made this known to the Ghana News Agency at the State House after meeting with Vice-President Aliu Mahama behind closed doors.


"Supporting the agricultural sector during this year's farming season is the only way to pay the 41 trillion-cedi debt," he said.

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Mr. Lartey said the previous government depleted the state coffers leaving President John Agyekum Kufuor's administration no other option but to adopt his party's domestic approach to issues, since it is the only way to relieve the country from the HIPC initiative without relying on foreign support.


He said his priority now as a politician is not how vibrant the GCPP remains in opposition but about the more serious business of reactivating the economy.


" I told the Vice-President today that he must do something urgently about the economy since that is what I am preoccupied with now", he said as he left the Presidency.

Source: GNA
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