Accra, Aug 19, -- Vice-President John Evans Atta Mills, said today that government has detected the loopholes in the economic recovery programme and is taking steps to correct them. He said government is committed to turning the country into a middle-income earning economy by the year 2020 and will do everything within its power to ensure its realization. Professor Mills was speaking when Dr Joseph Stiglitz, Senior Vice-president of the World Bank, a called on him at the Castle, Osu. Dr Stiglitz is currently on a four-day visit to Ghana. Prof Mills said next month's economic summit of leading economists in government and the opposition, is part of efforts aimed at achieving a consensus on the way forward for the country's development. He said the World Bank has been instrumental in getting Ghana on its feet adding: "the Bank's continued interest in Ghana is a source of strength to us." Dr Stiglitz described the economic summit as an important initiative and said it is important to have a consensus of all major stakeholders for the development of the economy. He said there is the need to bring inflation down since the current rate of 29 per cent is not helpful for development adding: "this cannot be done unless all stakeholders are agreed on the way forward."
Accra, Aug 19, -- Vice-President John Evans Atta Mills, said today that government has detected the loopholes in the economic recovery programme and is taking steps to correct them. He said government is committed to turning the country into a middle-income earning economy by the year 2020 and will do everything within its power to ensure its realization. Professor Mills was speaking when Dr Joseph Stiglitz, Senior Vice-president of the World Bank, a called on him at the Castle, Osu. Dr Stiglitz is currently on a four-day visit to Ghana. Prof Mills said next month's economic summit of leading economists in government and the opposition, is part of efforts aimed at achieving a consensus on the way forward for the country's development. He said the World Bank has been instrumental in getting Ghana on its feet adding: "the Bank's continued interest in Ghana is a source of strength to us." Dr Stiglitz described the economic summit as an important initiative and said it is important to have a consensus of all major stakeholders for the development of the economy. He said there is the need to bring inflation down since the current rate of 29 per cent is not helpful for development adding: "this cannot be done unless all stakeholders are agreed on the way forward."
