The writings are on the wall: President Akufo Addo and his New Patriotic Party (NPP) government have no solutions to the problems of this nation and have thus resorted to selling the future of the youth of this nation by enslaving us to the Chinese! Against all reasoning and rationalization, Dr Mahamudu Bawumia, the Vice-President of the Republic, who is masquerading as an economic whiz kid, is leading Ghana into a deep ditch that we might never be able to climb back up as a country. His announcement that he and his team had secured a whopping USD 15 billion loan from the Chinese government raises serious concern for the future of the youth of this country.
Suddenly, the whole world should praise and carry Bawumia shoulder-high because he has led a team to secure a loan facility for Ghana. Isn’t Dr Bawumia ashamed of his frequent dishonesty which is now becoming chronic? It’s a pity how times change! We have not forgotten, and we are always reminded by the then candidate Akufo Addo and his running mate Bawumia constantly reminding the whole world that the John Mahama-led National Democratic Congress (NDC) was over-borrowing. They even told us that they would develop this country without borrowing. Now this sudden U-turn shows how the NPP used deceit, lies and half-baked truths to win power.
Even before the dust settles on the full details of this humongous loan facility, the Vice President has revealed that the country is going to use its “untapped natural resources as collateral for the money.” According to him it makes “economic sense for Ghana to use what it has to get what it needs from other countries.” In exchange for the facility, China would be given an unimpeded access to tap Ghana’s rich resources which include a 2.8 billion metric tons of iron ore, 960 million metric tons of Bauxite, 430 million metric tons of Manganese and 413 million tons of limestone. Interesting, isn’t it? We should be prepared for the worse as a country!
If the youth of this nation do not rise to oppose such a dangerous move by the NPP government, we are sure to be left penniless by this clueless administration and saddled by debts that we might probably never be able to pay. But frankly, which sane economist advised the NPP government to enter into this ridiculously senseless venture with the Chinese?These are interesting and dangerous times! How does a government that claims to have the future of the youth of this country at heart embark on such a reckless act to the detriment of this same youth and the unborn generation? And is this the magic that the so-called economic genius of the NPP promised to roll out to turn the fortunes of Ghanaians?
Whilst we await the full details of this USD 15 billion Trojan horse, we the members of the Young Cadres Association (YCA) would want to serve notice to the government that they cannot take the nation for a ride. We are appalled by this flagrant irresponsibility and as a youth-focused group, we cannot sit by and allow the future of this nation to be sold by a few thoughtless individuals. We are thus by this saying that we will fight; we will fight till our last breath to ensure that our economic security as a nation is not endangered.
Signed:
Michael Dery
President
Young Cadres Association
(0245983380)
Bright Botchway
General Secretary
Young Cadres Association
(0249999145)
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China's $15B = Ghana's Bauxite, but GALAMSAY is BANNED.My country sweet
NPP in power and all of a sudden the word loan now turns to "facility" ei Ghana. Today is Chinese facility, tomorrow is German grant, the next day its a Bond from friends in enterprise Assurance yooo we are still here. JDM Ayikoo for building schools, hospitals, interchanges of cause world class ones for your nation without this reckless type of borrowing by the clueless NPP.
You are an ndc idi*t . Ndc don't read and when they read also they don't understand. If it's a loan what's the interest? You head the amount but you didn't hear the interest this shows how st*pid you people are and you will be in opposition for long. Ndc are damn scared their evil party is no more coming back,even the Kwesi Botchway report has advised them to focus on the parliamentary and forget about the parliamentary because the transformation Ghana is going to get through the NPP government will keep them in opposition forever but I tell ndc even their 100 seats will be split between the ndc and the NPP,mark my words ndc will collapse after 2020. ***barred word*** the money that the Chinese are giving is investment and the loan is the remaining $2 billion of the $3 billion loan granted the ndc which they gave the ndc government $1 billion because of credibility. Ndc your talking is only heard by your die hards not Ghanaians and every Ghanaian knows you are making noise out of hunger and out of desperation
This no loan but what is it, npp and lies are the same family, you think the Chinese will give Ghana such amount for free, the cadres knows better, hence their disaproveal
It is obvious that you lack information. People help people in schooling with the hope that their children would one day benefit from that good deed, that help with isn't a contract. Likewise the money China has promised Ghana. People are willing to help when the end results are one that gears towards development. NDC lacked good policies, that does not mean that you need to criticize a government whose policies are development oriented. Isn't it obvious that a family that had suffered from poverty over the years would expect more from a member of that family who have had opportunity to travel to the western world?, that person becomes the savior to the family, that is what is happening now. I don't blame Ghanaians who expect more from the Nana Addo government even within this short term becos Ghanaians have suffered enough under NDC who did not even know how to prioritise needs. NPP is a savior because of the trauma NDC made the country gone thru.
What a senselss article. I'm more disappointed in Peace fm for publishing this pointless article.
This is no loan illiterates indeed
***barred word*** illiterates