GRi BEF News Ghana 03 - 10 - 2000
Ghana's foreign
debt stands at 7 billion US dollars
Ghana's foreign debt stands at 7 billion US
dollars
Chiraa (Brong Ahafo) 3 October 2000
Mr. Adam Mohammed Amin Anta, NPP Parliamentary
candidate for Choggu Tishigu constituency in the Northern Region has stated
that Ghana's foreign debt burden now stands at seven billion dollars.
He said despite this huge capital inflow to the
economy since 1983, the government complains of no money.
Mr. Anta was speaking at a rally at Chiraa in
the Sunyani West constituency on Sunday where the NPP constituency campaign was
formally launched.
The aspiring MP said the government exceeded
its Value Added Tax (VAT) revenue target in 1999 by 13 per cent, which amounted
to 900 million cedis, and asked what this money had been used for.
Mr. Anta, who was a former President of the
National Union of Ghana Students, said the country's education system is in
deep crisis as a result of the poor management of the economy by the NDC
government.
He said the government has been misapplying the
country's resources on unnecessary things such as the acquisition of a
presidential jet when it could not provide the bare necessities in the
education and health sectors.
He therefore called on Ghanaians to withdraw
the NDC's mandate and vote the NPP into power to rescue the country from the
doldrums.
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GSE inches up in low trading
Accra (Greater Accra) 3 October 2000
The main market indicator, the Ghana Stock
Exchange (GSE) All-Share Index, inched up on Monday in poor trading that saw
only 22,200 shares changing hands from Friday's 319,400.
The index closed 0.26 points up from 855.51
points to 855.77 points with only six equities making sales and only seven
making bids.
There were two price changes, both gains, with
Aluworks Limited (ALW) leading the way with a 30-cedi gain at 2,630 cedis while
Super Paper Products Company (SPPC) appreciated by five cedis at 160 cedis.
The change for the year also inched up at 16.25
per cent. Total shares demanded were equally poor at 37,700 from 346,000 while
offers were down marginally at 1,125,040 from 1,137,140.
Only one equity - UNIL - had positive pressure
on it while the rest either had negative pressure or no pressure as the bearish
sentiments continued.
Market capitalisation went up slightly from
3,629.68 billion cedis to 3,630.17 billion cedis.
The following are the last prices of listed
equities in cedis:
ABL 625
AGC 18,600
ALW 2,630 +30
BAT 438
CFAO 39
EIC 2,000
FML 1,100
GBL 1,350
GCB 1,600
GGL 900
HFC 950
MGL 200
MLC 149
MOGL 18,500
PAF 300
PBC 520
PZ 700
SCB 22,100
SPPC 160 +5
SSB 2,105
UNIL 1,300
CMLT 425
GRi…/