NDC works to stop 54 projects from Chinese deal

NDC works to stop 54 projects from Chinese deal

Haruna Iddrisu, Minority leader Information reaching DAILY GUIDE indicates that over 53 major infrastructural projects are expected to be executed across the country with about $500 million, being the first tranche of the $2 billion Chinese deal which the opposition National Democratic Congress (NDC) is vehemently opposing due to political expediency.

The Minority in Parliament, led by Haruna Iddrisu and NDC MP and ranking member on the Finance Committee of Parliament, Cassiel Ato Forson, are apparently scheming to sabotage the deal which the New Patriotic Party (NPP) says is a barter deal between Ghana and Sinohydro of China to undertake key infrastructural projects across Ghana.

The deal has been described as game-changer, and President Akufo-Addo’s visit to China from today would cement the deal to pave way for the projects to start in the coming weeks.

According to reports, several first-class roads, including dual carriages and overpasses, are to be constructed by Akufo-Addo administration, but the opposition NDC, which appears to be anxious about the political implications if the current government successfully undertakes all the intended projects, has written to the World Bank and International Monetary Fund (IMF), describing the deal as ‘illegal.’

The first tranche of the $2 billion deal, according to documents sighted by DAILY GUIDE, is $500 million and would see the construction of roads in four regions namely Greater Accra, Ashanti, Central and Brong Ahafo.

Vice-President Dr Mahamudu Bawumia has maintained that the NPP administration wants to show to Ghanaians what an amount of $2 billion can do for a nation like Ghana, giving an assurance that the barter deal, which would give the Chinese access to Ghana’s bauxite deposits, is going to be the game-changer.

But the NDC has reported to the IMF and World Bank about the illegality and technical concerns on the Sinohydro transaction between the government of Ghana and Sinohydro of Ghana and Sinohydro of China.”

In the letter, the NDC said: “We write to notify and inform you of some legal and technical issues, as well as some inconsistencies contained in the supposed barter transaction between the government of Ghana and Sinohydro of Ghana and to seek IMF’s clarification on them.”

Phase One Projects

According to documents sighted by DAILY GUIDE, $500 million, the first tranche of $2 billion deal, would be used to construct roads in the various regions.

Ashanti Region There is going to be a total of 14 roads in the Ashanti Region, which […]

Stay in the Know!

Sign up for the latest news and information on African Companies and Economy.

By signing up, you agree to receive MoneyInAfrica offers, promotions and other commercial messages. You may unsubscribe at any time.

Leave a Reply