13.07.2005 Business & Finance

APR Implementation Will Cost Ghana $3.2bn

By Times
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It will cost Ghana a total of $3.2 billion dollars to implement the findings of her programme of Action under the African peer Review (APR).

The amount will cover the implementation of the four thematic areas reviewed. These are political democratic governance, economic governance and management, socio-economic governance and corporate governance.

Dr Konadu Apraku, minister for regional co-operation and NEPAD, said this last Monday when he briefed the diplomatic community on the status of APRM implementation in the country.

He did not give the break down of the cost of implementation but indicated that the largest chunk of the amount would go into corporate governance.

He said resource for the implementation would come from the country's regular budget allocations as well as other international interest bodies like the Blair Commission Report on Africa, which is based on strengthening democratic structures such as the Parliament, the media and the judiciary.

The rest, he added, would be resourced from the debt write-off and pledges from African leaders and such institutions as the African Development Bank (AFDB), Economic Commission of Africa (ECA).

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