The New Patriotic Party has disclosed what it terms a dangerous agreement President Mahama and his government is seeking to secure with China.
Revealing some aspects of this intended agreement between Ghana and China at a Press Conference in Accra today, NPP’s Policy advisor Mr. Boakye Agyarko said, “the Mahama Cabinet has recently given approval to a proposal which they hope will entice the China Development Bank to re-activate the remaining $2 billion of the $3 billion loan which the Chinese discontinued after disbursing $1 billion of it to Ghana.”
In the original Master Facility Agreement, he said, President Mahama committed Ghana to supplying, as collateral security, 13,000 barrels per day of crude oil up to 2027 to service the CDB facility.
“The Chinese eventually considered this as insufficient because of the slump in oil prices, refusing to release the remaining tranches,” he said.
Mr. Boakye Agyarko said, in the new offer to CDB, the Mahama government is proposing to export to the Chinese, all the Natural Gas Liquids (NGLs) to be processed by the Ghana Gas processing plant at Atuabo from 2018, estimated at the value of $1.5 billion.
Quoting from the ‘Decisions Memorandum’ on the facility drafted by the Mahama administration this year, Mr. Boakye Agyarko said, the Mahama administration intends to “release up to US$450 million from the revenue accruing from the sale of Lean Gas over 2016 to 2018 for purposes of resolving shortfalls in GoG payment obligations under the MFA for 2016 to 2021”.
“This means that the gas that we are hoping will power our industries, offices, hospitals and homes, will rather be used to service a commercial loan of highly questionable prudence,” he stated.
The NPP’s Policy Advisor also revealed how the NDC is looking up to the Chinese to find an additional US$1.9 billion for the Ghana Gas Processing Plant to build the export infrastructure to make it possible to export all the NLGs to the Chinese.
“To cap it all, the NDC brains, if I may stress, big brains putting this deal together, led by Ato Ahwoi and Deputy Minister of Finance, Cassiel Ato Forson, are demanding US$6 million to fund the work of the Task Force, which the President set up to unlock this wonderful ‘gift’ from China. And, that money is coming from the Ghana Infrastructure Investment Fund – funds that Finance Minister Seth Terpker went to the international money market to borrow at a very expensive rate,” he said.
Source: Peacefmonline.com/Ghana
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May Allah help us from the hand of the wicked regime... HOW CAN YOU make such agreement if not evil intentions and wickedness, so you are selling our future..
THIS IS WHAT I TYPICAL NEWS FOR THE NPP DUMB ***barred word*** SUPPORTORS. YOU ALLOW YOUR OWN LEADERS TO MAKE FUUUUU1 OF YOU ALWAYS. NO WONDER KEN AGYAPONG SAID YOU ARE ALL 1D1OTS. YOU BETTER CAMPAIN AND STOP THIS NON-SENS
THIS IS WHAT I TYPICAL NEWS FOR THE NPP DUMB ***barred word*** SUPPORTORS. YOU ALLOW YOUR OWN LEADERS TO MAKE FUUUUU1 OF YOU ALWAYS. NO WONDER KEN AGYAPONG SAID YOU ARE ALL 1D1OTS. YOU BETTER CAMPAIN AND STOP THIS ***barred word***.
OPPOSITION IS JUST TRYING TO BE RIGHT AT THIS TIME WHEN YOU FORMED NPP ***barred word*** GANGS BETWEEN 2001 AND 2008 YOU THINK WE WERE NOT BORN THEN. YOU INITIATED A LOAN AGREEMENT WITH A COMPANY CALLED IFC AND THE ADDRESS WAS A HAIR DRESSING SALOON IN LONDON THE FINANCIAL OF EUROPE. WE KNOW YOUR SORT AS YOUR PRESENT PRESIDENT CANDIDATE WAS AT THE ATTORNEY GENERAL OFFICE DOING ALL THE DOCUMENTATION FOR SUCH MASSIVE IMPUNITY DURING 2001 AND 2008
you see this village farmer call John Mahama is destroying the future of this country, walahi if he riggs the election to maintain power we shall support coup against this ediot of a Gonja an1mal who knows nothing but stealling is his stock in trade, kwashia mahama
NPP should work hard to get hold of power and hold all these people accountable for the loses to the state. This is a bad deal.
Where Jonathan Lagos. Wish he will comment on this. Bias commentator
Well; Well; Well; it is the political season again and therefore you may take some of these stories from the opposition with caution but assuming this story is true ; or if this piece is true then I do not doubt what Otiko Djaba said about his brother Jon Mahama ;she said; 'Jon Mahama is mine brother but he is a wicked man ' ; how on earth do you lament with china on such deal to vitually cripple Ghanaians and ther future ; WHAT A CURSE !!!!!!!!!!; Ghanaians thought we have got gas which was envisaged to be used to power the industies of Ghana but Jon mahama and these robbers are planning to give it to China because Jon Mahama cannot get any more loans from anywhere again ; nobody will lend any money to Ghana because Jon Mahama have borrowed close to his eye balls ; ; the worse part of the whole deal is that the deal is being controlled by these two Fante ediots and stillers Ato Ahowoi and Ato Forson ; the NDC murders Atta Mills and they sit down and say nothing besides this Ahwoi brothers have been in the for front of Ghana politics for so long and have messed up Ghana ; these boys are thiff and vandals ;the same Ato Ahowi and Kwamena Ahwoi advised JJ Rawlings under PNDC/NDC and messed the country ; today they are still acting as chameleons and stilling fro Ghanaians ; THIS TIME NDC MUST GO : WE HAVE HAD ENOUGH OF THESE FANTE THIFFS !!!!!!!!; GHANA GO FOR A CHANGE !!!!!!!BIG TIME !!!!!!
Hmmmmmmmmmmmmmmmmm, God help Ghana and let this government out for Ghanaians
What a blockheaded corrupt and incompetent bastards.Vote these ***barred word*** ***barred word*** out of office.