- Minority NDC MPs are threatening to vote down the $15 billion credit facility from China
- The credit facility is aimed to bring the one-district-one-factor program to life
Government has been brutally criticized by the minority for what they term to be the “loose borrowing” of funds from the Chinese as part of efforts to make the one-district-one-factory policy a reality.
Already, the vice president, Dr Mahamudu Bawumia has closed talks with the Chinese government over a $15 billion credit facility - a development which is feared to stand the chance of crippling Ghana’s already debt-ridden economy.
To this effect, the minority NDC through one of the party’s financial brains – Ato Forson – says his outfit will be boycotting or voting out the proposal in parliament.
What this means is that government will then have to see the credit facility approved in parliament through a rubber stamp or better yet a majority vote. But from the look of things it tends to mean that the entire credit facility from the Chinese has been badly welcome by many political critics.
But aside the rants in parliament, concerns have also been made over the secret motive by the Chinese with regards their implication over the menace of illegal mining.
READ ALSO: China bans agric exports from Ghana
Even though the discussion is expected to drag on for awhile, YEN.com.gh is learning that government could be considering a serious cabinet meeting on how best to account to Ghanaians following this huge $15 billion credit facility.
Do you have any story to share with YEN? Get featured! We are available on Facebook and email via firstname.lastname@example.org