[ 2012-05-03 ]

Ursula Owusu, aspiring MP Ablekuma South

Mills/Mahama led administration is HIPC bound-Ursula Owusu
The New Patriotic Party‘s aspiring Member of
Parliament for Ablekuma South, Ursula Owusu has
said that the Mills/Mahama-led administration is
HIPC bound and retaining it in power will only
seal the doom of Ghanaians.

The Heavily Indebted Poor Countries (HIPC)
Initiative was the first international response to
provide comprehensive debt relief to the world's
poorest, most heavily indebted countries. The HIPC
Initiative was launched by the World Bank and the
International Monetary Fund (IMF) in 1996, and was
further expanded in late 1998 (Enhanced HIPC
Initiative).

Ghana joined the Enhanced HIPC Initiative in
March, 2001 and subsequently progressed to the
decision point in February 2002.

The Ablekuma South parliamentary aspirant was
speaking on Peace FM’s morning show Kokrokoo
Thursday morning in contributing to a discussion
of a paper NPP’s vice-presidential candidate, Dr.
Mahamudu Bawumia delivered at a lecture on the
state of the economy.

Ursula Owusu noted that the same economic
management team that plunged Ghana into HIPC is
the same team which has been brought back by the
Mills/Mahama administration and from all
indications, Ghana is not far from being declared
a highly indebted poor country once again.

Ms Owusu pointed out that Amissah Arthur, former
deputy Minister of Finance and now Governor of
Bank of Ghana; Kwabena Duffuor, former Governor of
BoG and now Minister of Finance; and then Vice
President J.E.A Mills who was the Chairman of the
Economic Management Team, as the key actors who
looked on haplessly as Ghana's debts piled on.

She added that the nation cannot expect different
results when it employs the same people who have
failed in the past.

Responding to Dr. Bawumia’s lecture, Ms Owusu said
the statistics, particularly inflation figures
being generated by the Ghana Statistical Service
does not add up. According to Ms Owusu, the Cedi
exchange rate for instance exposes several
weaknesses in the much touted strong macro
indicators of the National Democratic Congress'
government.

The aspiring MP chided the ruling government for
engaging in what she said was deception, noting
that all that the NDC has done to the economy is
to use propaganda to manage the economy which she
added has failed.

According to her, the best treatment to be given
to the NDC is to show them the exit in the
upcoming December general elections.

Source - MyjoyOnline

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