Vice Prez dismisses claims that $15bln loan is tied to anti-galamsey initiative

Vice Prez dismisses claims that $15bln loan is tied to anti-galamsey initiative

- Vice President denies claims that $15bln loan has anytihng to do with anti-galamsey fight

- Says it's normal for Ghana to use its resources to get what it needs

Vice Preident Dr. Mahamadu Bawumia has dismissed calls from the public that China's $15 billion financial aid to Ghana has anything to do with the administration's anti-Galamsey campaign

For more of the latest local news on YEN click here

Vice Prez dismisses claims that $15bln loan is tied to anti-galamsey initiative

READ ALSO: I will strip him naked and it will affect Lord Commey - Abronye DC on rampage I will strip him naked and it will affect Lord Commey - Abronye DC on rampage

According to Vice President Bawumia, China's $15 billion loan has nothing to do with the anti-galamsey initiative, echoing President Nana AKufo Addo's comments that no one will be allowed to breach Ghana's laws especially when it comes to small scale mining.

President Akufo-Addo added that regardless of the anti-galamsey initiative, Ghana would continue to have a cordial relationship with China, but added the law would be fully enforced regardless of whoever it is that flouts it.

Pay Attention: Get all the latest news on YEN.com.gh

China's $15 billion financial loan has been a caused for much controversy within Ghana's political class. The loan, aimed at helping the current administration's one district, one factory initiative, will have the China National Building Materials and Equipment Import and Export Corporation (CNBM) shouldering up to 85 percent of the financial costs.

Vice Prez dismisses claims that $15bln loan is tied to anti-galamsey initiative

In return for China's generous financial handout, Ghana would like to accommodate potential Chinese investors interested in the exploitation of natural resources, resources that were being plundered by illegal small scale miners.

Pay Attention: Get news whenever and wherever you go with YEN NEWS

Speaking at the Kotoka International Airport upon his arrival from the 4 day visit to China, Vice President Bawumia expressed that for Ghana to use it's resources to get what it needs "makes economic sense".

I don’t think there is any linkage between the fight against galamsey and our support from China. China wants us to do the right thing and we want to do it even more," said Vice President Bawumia.

READ ALSO: Former NACOB boss disputes Ghana marijuana use ranking

Do you have any story to share with YEN? Get featured! We are available on Facebook and email via info@yen.com.gh

Related news
NPP wants Free SHS to work so they are failing BECE candidates – NDC

NPP wants Free SHS to work so they are failing BECE candidates – NDC

NPP wants Free SHS to work so they are failing BECE candidates – NDC
YEN.com.gh
Mailfire view pixel