VEEP ASSURES CHINA -Of prudent management of $3b Loan

By The Al-Hajj

General News VEEP ASSURES CHINA -Of prudent management of $3b Loan

WED, 04 JUL 2012 2

Vice President John Mahama has again emphasized that government will ensure prudent management of foreign inflows into the country particularly the current $ 3b Chinese facility.

The Vice President gave the assurance when the Vice President of the China Development Bank, Yuan Li and his delegation called on him at the Presidential Jubilee Lounge at the Airport in Accra.

Mr Mahama noted that projects to be executed with the loan are critical to the government's Better Ghana Agenda and will be treated as such.

The Mills administration had secured a 3 billion dollar loan from the China Development Bank last year and following the signing of the subsidiary agreement with the Chinese Development Bank and government of China in April this year, the country is set to draw $1 billion of the amount any time soon..

The Vice President John Mahama who witnessed the signing of the agreement in China on behalf of the government, was optimistic the signing and subsequent disbursement will boost the economy.

With additional files from; GBC

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Comments

Chicago | 7/5/2012 12:30:00 AM

The Chinese should wait untll after the election to release the firtst billion . Remember we already "OWE" AAL $1.5 bn per Mr Ahwoi and Co. Will Nana Addo be bold enough to go after these crooks , lawyers and all , and throw the hook wherever it hooks one of these Ahwois will go back to jail again ?

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