[ 2016-06-29 ]

CPP won’t beg for money like ‘shameful’ NDC gov’t – Greenstreet
The flagbearer of the Convention People’s Party
(CPP), Mr Ivor Greenstreet has berated the
Mahama-led administration for turning itself into
a ‘shameful and disgraceful beggar’ who he
said is running around begging for money from
International partners.

According to him, a future CPP government will
shift from such poor governance and ensure it
maximizes its natural resources and tap the
potential of almond, alone, to raise a lot of
money for development.

“Why be shameful and disgraceful like the NDC,
chasing the Chinese around in circles for US$ 3
billion when God has given is us fertile lands
that with a little effort, we could aim to
generate US$ 300 billion. Cut that target in half,
even more than half and earning a US$100 billion
alone will clear the country’s debts,” he
added.

Mr. Greenstreet made the point when he took his
turn to speak to Ghanaians on his party’s
vision, in the run-up to the November polls, at
the Institute of Economic Affairs’ (IEA),
Evening Encounter Series.

He claimed the price on the international market
for almond oil is well over US$ 10,000 a tonne,
insisting that it was not prudent for the state to
highly depend on Cocoa and Oil to generate revenue
for development.

“Cocoa has never gone above US$3,600 a tonne.
Oil palm is currently US$800 a tonne,” he
noted.

He explained the move could leap the country’s
finances to help address the development gap in
the country.

“A rough estimate based on the above could
potentially produce 30 million tonnes of oil,
multiplied by 10 per litre and Ghana’s could
potentially generate US$300 billion dollars,” he
stated, adding: “Financing of this programme,
will be made available from different local and
international sources and it will be an
incentive-based scheme based on out grower
system.”

Source - kasapafmonline.com

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