• Short Summary

    THE GHANAIAN COMMISSIONER FOR FINANCE, BRIGADIER A.A. AFRIFA, ANNOUNCED IN A NEWS CONFERENCE THIS WEEK?

  • Description


    AFRIFA ARRIVING FOR NEWS CONFERENCE; AFRIFA SPEAKING -- SOUND ON FILM.



    AFRIFA: I WILL NOW TURN MY ATTENTION TO OTHER MATTERS TO WHICH MY MINISTRY WOULD LIKE TO DRAW ATTENTION IN THE COMING STATE OF MY ECONOMICS PROGRAMME. AT THE TIME OF DEVALUATION THE DEVELOPMENT IMPLICATIONS OF THAT DRASTIC MEASURE WAS MADE THE FOREMOST OF OUR ARGUMENT. I AM AWARE THAT DECISIONS TO SET UP NEW INDUSTRIES OR TO EXPAND EXISTING ONES TAKES SOME TIME. MY APPEAL TO THE NATION TODAY IS THAT WE CANNOT WAIT INDEFINITELY WHILE INDUSTRIALISTS AND AGRICULTURALISTS TAKE AN ENDLESS PERIOD OF TIME TO RESPOND TO THE ADVANTAGES THAT ARE BESTOWED TO THEM BY DEVALUATION. THE COUNTRY CANNOT ENDURE FOR TOO LONG THE VERY HIGH PRICES DEVELOPING FROM DEVALUATION. WORK AND PRODUCTION HAVE TO BE STEPPED UP AS SUBSTITUTES FOR HIGHER PRICED IMPORTS. THOSE OF YOU WHO ARE IN THE EXPORT BUSINESSES, I EXPECT TO UTILIZE THE EXTRA GAIN FROM DEVALUATION IN THE EXPANSION OF YOUR BUSINESSES, SO THAT YOU CAN PRODUCE MORE AND EARN MORE.




    Initials DHC/VS/AS/FR



    Script is copyright Reuters Limited. All rights reserved

    Background: THE GHANAIAN COMMISSIONER FOR FINANCE, BRIGADIER A.A. AFRIFA, ANNOUNCED IN A NEWS CONFERENCE THIS WEEK THAT THE COUNTRY'S BUDGET HAD BEEN BALANCED, AND THAT FINANCIAL PROBLEMS CAUSED BY THE "FORMER GOVERNMENT'S EXTRAVAGANT POLICY" HAD BEEN BROUGHT UNDER CONTROL. BRIGADIER AFRIFA WAS SPEAKING AT THE MINISTRY OF INFORMATION IN ACCRA, THE GHANAIAN CAPITAL.

    BRIGADIER AFRIFA SAID GOVERNMENT EXPENDITURE HAD BEEN BROUGHT COMPLETELY UNDER CONTROL AND THE BUDGET -- WHICH IN THE PAST WAS CHRONICALLY IN DEFICIT -- HAD BEEN BALANCED. BRIGADIER AFRIFA ALSO COMMENTED ON THE COUNTRY'S ECONOMIC PROGRESS SINCE DEVALUATION OF THE CEDI.

  • Tags

  • Data

    Film ID:
    VLVA93GC1PZH9KK1HTNINJ7Z46VMZ
    Media URN:
    VLVA93GC1PZH9KK1HTNINJ7Z46VMZ
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    10/03/1968
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:55:00
    Time in/Out:
    /
    Canister:
    N/A

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