By: Stephen Odoi-Larbi
The European Union (EU) has expressed the confidence that Ghana will take up her responsibilities, and put in place appropriate policies to cope with her budget deficits, and also ensure that the deficits do not go beyond a certain threshold.
Mr. Koos Richelle, a co-chair of the Working Party on aid effectiveness, currently meeting in Ghana, disclosed this on Friday September 24, in response to a question on his views on reports that the government was running the economy on deficits, at a joint press conference in Accra, prior to his departure.
He said the EU had no indication that Ghana was acting in an irresponsible way, stressing that in the face of world economic downturn, and the difficult times faced by all countries, including those in Europe and Africa, the government of Ghana cannot be blamed for running on a deficit. “Being a global issue, it is necessary to see how government is reacting to the shocks.”
Mr. Richelle, who is also the Director-General .
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