European Union to support private sector

The Head of the Delegation of the European Union (EU), Stefan Frowein says the EU would assist Ghana's private sector to facilitate economic development.

Mr Frowein, who called on Vice President Aliu Mahama to discuss the activities of the EU, said through its Investment Bank in Luxemburg the private sector would receive funds from the country's leasing institutions to pursue their programmes.

He was responding to an appeal by Alhaji Mahama that the EU should help make the government's Golden Age of Business a reality.

Alhaji Mahama also urged the EU, which supports Ghana's adoption of the Highly Indebted Poor Countries (HIPC) initiative, to contribute substantially towards its objective of poverty alleviation.

In another development, the management of European Union and the Government of Ghana Micro Project Programme said it would withdraw support from districts that fail to complete their projects by November 30.

The Reverend Otu-Pimpong, Deputy Programme Manager, gave the warning at Ajumako when he addressed the chiefs and people of beneficiary communities of EU projects during an inspection tour of Ajumako-Enyan-Essiam District.

The communities were Enyan Maim, Etsi Sunkwaa, Breman Essiam, Ankukrom, Ajumako Mando, Enyan Abaasa and Ajumako Ba.