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01.05.2015 Opinion

Ghana Failing Economy: Kester Seeks Answers From Ghanaian China Expert

By Kester Aburam Korankye
Ghana Failing Economy: Kester Seeks Answers From Ghanaian China Expert
01.05.2015 LISTEN

Dear Dr. Lloyd Amoah,
As Africa rise and leave Ghana behind, will some of us be right to blame this government for engaging shallow "boys and girls " to negotiate on our behalf?

Does our lack of China experts play a role in the sorry state of our economy aside the other factors always echoed by the President and his appointees- fall in export commodity prices?

If China is pumping monies into Africa, I am confused as to why Ghana is not benefiting because the Chinese are in town anyway, and they are doing business as usual.

$1.2bn natural gas pipeline linking Dar es Salaam to the gas fields in southern Tanzania undertaken by China National Petroleum Corporation (CNPC), with financing from Beijing 's Exim Bank, is on course. (I don't remember what happened to the loan Ghana was seeking from the same bank)

Construction of $6bn railway line covering 800km, connecting Djibouti to Addis Ababa, Ethiopia is in the finishing stages.

Africa's first light rail system, Addis Ababa's 34km electrified line built at a cost of $475m will soon begin operations.

Construction of a $13.5bn standard gauge railway connecting Mombasa Port in Kenya with the neighbouring nations of Uganda, Rwanda and South Sudan is currently underway while our dream of an inland port at Boankra, near Ejisu and a similar railway system linking Burkina Faso and Mali remain in the bushes.

There are many other huge China, Japan and India investment across Africa, including Nigeria.

As broke as we are, why are we not tapping some of these Chinese monies?

As I await your response Sir, accept my warmest regards.

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