Ghana To Get $3 Billion Debt Relief From HIPC - Kufuor

Geneva, Dec. 11, GNA - Three billion dollars out of Ghana's 6.3 billion dollars external debts would be written off by donor agencies and countries when she reaches the completion point of the Highly Indebted Poor Countries (HIPC) Initiative by the middle of next year, President John Agyekum Kufuor said in Geneva, Switzerland on Wednesday.

He said Japan had already indicated her readiness to write off the 800 million dollars owed by Ghana after that period.


President Kufuor said this when addressing the Ghanaian Community in Geneva, to brief them about Government's policies and programmes.


Accompanied by Nana Dankwa Akuffo-Addo, Foreign Minister and Mr Albert Kan-Dapaah, Minister of Communications and Technology, President Kufuor arrived in Geneva on Tuesday to participate in the on-going First Phase of the World Summit on the Information Society.

President Kufuor said since his assumption of power the Government had tried to streamline the objectives and promises made to the people and to regularize the socio-economic development programme through the five prioritised areas that included infrastructure, modernization of agriculture, provision of better health service delivery, social services, rule of law and good governance.


Mr Fritz A. Opoku, Ghana's Permanent Ambassador to the United Nations (UN) and Ambassador in Switzerland, said Ghanaians resident in Switzerland had comported themselves well and were very law abiding.