Cape Coast, Feb 7, GNA - President John Agyekum Kufuor has noted with satisfaction the enhanced level of transparency in the conduct of government's business resulting from the enactment of the Procurement Act.

"Any objective observer would confirm that from Central Government to the District Assembly level, there is more transparency in the conduct of government business now, more than ever before", he said at the Fifth People's Assembly in Cape Coast on Tuesday.

The Assembly, the brain child of President Kufuor, is designed to make government more accountable to the people as it offers them an opportunity not to only to make suggestions but to ask their elected President questions agitating their minds on all issues.

Present were Vice-President Aliu Mahama, the Chairman and Members of the Council of State, Ministers of State, Members of Parliament (MPs), Traditional Rulers, Members of the Diplomatic Corps and a visiting seven-member International Monetary Fund (IMF) Executive Board's Delegation.

President Kufuor said the Government was promoting good governance in all sectors of the economy to protect the citizenry and investors. It was in the light of this that various legal and administrative measures have been introduced to enhance efficiency and check graft and corruption within the public administrative system.

The public sector is being reformed to provide the necessary support to the private sector in a bid to achieve the eight percentage growth to launch the economy into accelerated growth.

President Kufuor said the Government was addressing problems inhibiting the development of the private sector with interventions like the Venture Capital Fund and micro credits.

The ultimate aim is to make the sector strong and vibrant to become the key source of employment generation and wealth creation. President used the occasion to announce the construction of a new treatment plant to pump 6.6 million gallons of water to solve the Cape Coast water problem.

The project would cost 40 million Euros and the contract had already been signed.

The Brimsu Dam, the current source of water supply to Cape Coast, is being dredged at a cost of two million Euros.