$30 Million �Chop Chops� In Amended $3billion Loan Agreement?

The Executive Director of the Danquah Institute is alleging that the people who arranged the $3 billion Chinese loan agreement will be $30 million richer if the new agreement is approved by Parliament. Gabby Asare Otchere Darko told Joy News the amended agreement is not fundamentally different from what was withdrawn. The only difference perhaps is that the people who arranged for the loan are guaranteed $30 million once the loan is approved. �Why is this so called Master Facility Agreement before Parliament because it doesn�t automatically lead to the project being funded? It doesn�t. All it does, actually, is that immediately after it is approved by Parliament, some people who arranged it will have access to $30 million and a commitment fee of $3.5 million will be paid within 20 days and another 3.5 before the first subsidiary agreement will be approved and the funding released,� he alleged. The Majority in Parliament Thursday morning announced the withdrawal of the controversial loan agreement in Parliament, only to lay an amended version few hours later. The amended version has been referred to the Finance and Poverty Reduction Committee for scrutiny before it will be brought before the House for debate. The Finance Minister said the amended agreement has incorporated the concerns and legitimate questions by the opposition. The Deputy Majority Leader Rashid Pelpuo described the new agreement as enriching.