General News of Monday, 15 October 2001

Source: GNA

"Positive change" is showing -Jake

The Minister for Information and Presidential Affairs, Jake Obetsebi-Lamptey says the “positive change” his government promised the people of Ghana is beginning to yield results and the populace would soon begin to have a feel of it.

According to him, the Kufuor-administration, which is in its ten months, has been able to stabilise the cedi, brought down inflation from 50 per cent to 40 per cent and lowered interest rates from 40 per cent to 30 per cent.

Mr. Obetsebi-Lamptey was addressing the chiefs and people of Akuapem at a durbar to mark their annual “Odwira” festival at Akropong Akuampim.

He hinted that the Ghanaian government’s team of experts would soon go into negotiations on the benefits to be derived from the controversial Heavily Indebted Poor Countries Initiative.

The West African country hopes to get not less than 200 million dollars annually from the Initiative to take care of its essential needs in the health and educational sectors among others.

The government’s decision to opt for the HIPC initiative attracted a lot of criticism from members of the public and also political opponents of the NPP regime. But the government says it promises a positive change and is determined to bring about that change to lift the living standards of the people.