• Short Summary

    An international conference on Ghana's multi-million sterling foreign debts was urged in London today (July 7) to consider a new deal on repayment terms which the country could afford.

  • Description

    An international conference on Ghana's multi-million sterling foreign debts was urged in London today (July 7) to consider a new deal on repayment terms which the country could afford.

    Ghana's case for fresh relief in the capital and interest payments was put by Finance Minister, Mr. Joseph Mensah, to Government representatives of 14 creditor nations at the opening session of the conference.

    The meeting is concentrating on Ghana's medium term debts to overseas private contractors for projects launched by the regime of former President Kwame Nkrumah, who was ousted in 1966 by a military coup.

    Officials estimate these liabilities amount to between 130 and 150 million sterling, with Britain the biggest creditor.

    In an interview before the conference began, Mr. Mensah told a reporter his country's view on their economic problem. He said:
    Mr. Mensah heads a ten-man delegation of financial and economic experts. Conference sources believe that Mr. Mensah and his delegation will meet resistance, particularly from Britain in their plea for extended repayment time.

    The conference, which is expected to last for a week, is presided over by Lord Lothian, a Foreign and Commonwealth Office Parliamentary Under-Secretary. It is also attended by delegates from Australia, Belgium, Britain, Canada, France West Germany, Israel, Italy, Japan, Holland, Norway, Spain, Switzerland and the United States as well as representatives of the World Bank and the Bank for reconstructions and Development.

  • Tags

  • Data

    Film ID:
    VLVABSX98NAPCPE84R3VHSZQRR6P6
    Media URN:
    VLVABSX98NAPCPE84R3VHSZQRR6P6
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    07/07/1970
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:02:49:00
    Time in/Out:
    /
    Canister:
    N/A

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