Former Minister of Communications, Dr Edward Omane Boamah believes the Chinese government will demand for more crude oil and other natural resources in return for the huge amounts they are extending to the country.
He indicates that they are likely to make outrageous demands in return for the amounts that have been given to the country in the form of loans and grants.
“The Chinese’ government will ask for more and more of Ghana’s crude oil and other natural resources- if we are interested in the huge sums they are offering…and the request can be outrageous sometimes,” he posted on his facebook wall.
Vice President Dr Mahamudu Bawumia, shortly after arrival on Sunday June 26 from a working visit to China, announced that government had reached an agreement with the Chinese government for the mutual benefit of both countries in relation to a US$15billion Chinese loan.
According to him, there were no underlying conditions attached to the loan which would be invested in government’s One-District-One-Factory project and other sectors of the economy, the Ranking Member on the Finance Committee of Parliament said China could still influence government to their benefit.
Dr. Bawumia also assured that the assistance from the Chinese government would not compromise the fight against galamsey as the Chinese government does not support galamsey and has cautioned its citizens’ resident in Ghana to be law-abiding.
But members of the opposition are skeptical amount the promised by the Chinese government wondering if government is in the position to meet those demands that may be advanced by the Chinese who in similar fashion promised the erstwhile National Democratic Congress (NDC) some amount but failed to deliver.
Source: Daily Post
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Even incompetent in opposition wow hmmmm
Go & ask your ........
What are the DETAILS of the loan/grant/partnership agreement. What conditions do we need to satisfy to get the money. Has Ghana considered the MAGNITUDE of the Chinese Economy's APPETITE for primary (raw) materials. At what PRICE can we SELL our raw materials to pay back the money and HOW LONG will it take us. Have we considered the HUGE SURFACE AREA they will DESTROY (including farms, rivers, etc.) while SCOOPING UP raw materials like manganese, iron-ore, etc. to satisfy their economy of nearly 2 billion people. And, WHAT FUTURE are we leaving our children and great grand children? We need a real debate, NOT insults.
YOU WENT HIDING AFTER THE 2016 ELECTION DEFEAT. NOW YOU WANT YOUR VOICE TO BE HEARD? SHAME UNTO YOUR CORRUPT NDC GOVT. BABIES WITH SHARP TEETH. YOU. YOU BETTER ***barred word*** YOUR MOUTH FOR YOUR HEAD IS FULL OF APOFII. BAD ADVISE WHICH COST JOHN MAHAMA HIS SECOND TERM. THE SPECIAL PROSECUTOR WILL SOON GO AFTER YOU
You see now? Omane Boamah and the NDC are specialists when it comes to insults, propaganda and lie peddling. When it comes to serious brain work and negotiations, they are nothing. All the see, feel and communicate is "it can't be done....It is not possible etc". Sad that these things ruled Gh for 8yrs.
its sad all these bunch of cr1m1nals are still walking freely so they can open their stingy mouths and talk about anything. Certainly not their faults kraaaa
If a Driver (man) get accident, women who DO NOT KNOW anything about Driving teaches him how to drive. Omane Boamah is just saying something for NDC people get to know or hear he also said something about the Chinese Loan. You know these why you did NOT advise Mahama when you had your chance. Ghana want value for money loan. We can get Accra, Kumasi Takoradi Railway line to Tamale and even Bolga from these loans. What came out of the US$3 billion?
Since when did you know the Chinese? You and your corrupt NDC went for $3B loan using our oil. How much did you guys get? Fake doctor Omane Boamah.... Corrupt and greedy NDC cannot advice anyone. You had your turn and mess up.
OMANE BOAMAH AND SO WHAT?
why didnt you tell Mahama that when you went for the $3bn dollar loan from them. skin pain