GHANA: OPENING OF MEETING BETWEEN GHANA AND DONOR NATIONS TO DISCUSS ECONOMIC AID.

Record ID: 343113

  • Title: GHANA: OPENING OF MEETING BETWEEN GHANA AND DONOR NATIONS TO DISCUSS ECONOMIC AID.
  • Date: 14th September 1967
  • Summary: 1. MCU STATE HOUSE 0.03 2. MV DELEGATES 0.07 3. MV DITTO 0.12 4. MV CONFERENCE TABLE TILT UP TO DELEGATES 0.15 5. MV DITTO 0.20 6. MV BRITISH HIGH COMMISSIONER 0.25 7. SV DELEGATES 0.53 8. LV DELEGATES 0.58 9. MLV DITTO 1.05 10. LV DITTO 1.10 11. MV & CU THREE VARIOUS MEMBERS OF DELEGATION 1.27
  • Embargoed: 29th September 1967 13:00
  • Keywords:
  • Location: ACCRA, GHANA
  • Country: Ghana
  • Reuters ID: LVA9ZAHBW5XWRRK4UIX0L3YMQ7PE
  • Story Text: A TWO-DAY MEETING BETWEEN GHANA AND EIGHT DONOR NATIONS TO DISCUSS THE COUNTRY'S AID PROGRAMME HAS ENDED IN ACCRA WITH CAUTIOUS OPTIMISM ABOUT GHANA'S ECONOMIC POSITION AND PLANS FOR A FURTHER MEETING EARLY NEXT YEAR. THIS WEEK'S MEETING OPENED ON MONDAY (SEPTEMBER 11) IN THE STATE HOUSE.

    A COMMUNIQUE ISSUED AT THE END OF THE MEETING AGREED THAT THE RECENT DEVALUATION OF THE GHANAIAN CEDI BY 30 PER CENT WAS AN IMPORTANT MOVE TO STIMULATE DOMESTIC PRODUCTION AND BRING ABOUT A BALANCE OF PAYMENTS EQUILIBRIUM.

    IT NOTED THAT ALTHOUGH INTERNATIONAL ASSISTANCE WAS SUBSTANTIAL, IT REMAINED BELOW THE LEVEL REQUIRED FOR THE FULL SUCCESS OF GHANA'S REHABILITATION PROGRAMME.

    THE MEETING, WhICH FOLLOWED UP ONE IN PARIS LAST APRIL, WAS CHAIRED BY THE INTERNATIONAL MONETARY FUND AND ATTENDED BY BRITAIN, CANADA, DENMARK, FRANCE, WEST GERMANY, ITALY, JAPAN AND THE UNITED STATES. THEY'RE THE DONOR COUNTRIES.

    OTHER ORGANISATIONS HAD ONLOOKERS, INCLUDING THE ORGANISATION FOR ECONOMIC COOPERATION AND DEVELOPMENT (OECD), THE UNITED NATIONS DEVELOPMENT PROGRAMME (UNDP) AND THE INTERNATIONAL BANK FOR RECONSTRUCTION DEVELOPMENT (IBRD).
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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