'CPP not opposed to privatisation'

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Parent Category: Our Country

Category: Politics

Created on Tuesday, 17 September 2013 00:00

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'CPP not opposed to privatisation'

The Convention People's Party (CPP) has said that it does not oppose privatisation.

It is important to dispel the notion that we are opposed to privatisation and by extension the private sector, the Chairman of the Political Committee of the party, Mr Ekow Duncan, told •he Daily Graphic in an interview.

Explaining further, he said the CPP was not opposed to the privatisation of non-strategic public investments that had profitability and management challenges.

Under a CPP government, Mr Duncan promised that "all such strategic investments that have challenges would have an overhauled management structure with clearly spelt out goals and lon-interference by government to achieve investment goals."

According to Mr Duncan, the CPP would pursue a policy of privatisation of any identified non-strategic asset based on true market value of the investment, and commit the buyers to a realisation of the strategic objectives, mission and vision of the investments.

He said no asset stripping would be allowed by a CPP government in the implementation of its privatisation policy.

In short, he said a CPP government would execute a privatisation that was transparent and consistent with national development aspirations and not a corrupt one dominated by cronyism.

He said that the public investments of the CPP government of the First Republic was due to the fact that colonialism precluded the development of an indigenous private sector.

Public sector investments, Mr Duncan pointed out, were thus the only alternative for economic development and the creation of national wealth.

He further said that the private sector in the development policy disposition of the CPP still needed the active and direct support of the public sector for capacity development to contribute to national economic growth and development.

Unlike the NDC and the NPP, the CPP believes that this support should not be limited to the passive and elusive creation of an "enabling environment" but by the direct intervention of government, he concluded.

Source: CPP