ISD News File – Monday December 20, 2004

GHANA?S DEBT DOWN TO $6.1 BILLION

Ghana?s debt stock reduced from $7.1 billion in 2003 to $6.1 billion as of Wednesday, December 15, 2004.

Currently, debt relief enjoyed by the country from her donor partners stands at $1,355 billion.

The Minister of State at the Ministry of Finance and Economic Planning, Dr. Samuel Nii Noi Ashong, made this known in Accra after the signing of a $2.4 million grant agreement between Ghana and China.

Dr. Ashong signed the agreement on behalf of the government, while the Chinese Ambassador of Ghana, Mr. Zhang Keyuan, signed for his government.

The Minister said, the two countries would continue to hold discussions on how to utilise the facility on priority projects they would agree upon later.

Source: GhanaWeb

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