Mabel Baneseh cautions Akufo-Addo administration on Chinese loan

Mabel Baneseh cautions Akufo-Addo administration on Chinese loan

- Graphic journalist, Mabel Aku Baneseh, has urged the government to be extremely cautious as it seeks to secure a $14 billion loan from China

- In a Facebook post, Mabel recalled how the Atta Mills administration struggled to secure a similar $3 billion loan from China

- She urged the government to take into consideration other sources of revenue, and raise money by blocking revenue leakages in the country.

Click here to get the latest tending news in Ghana.

Mabel Aku Baneseh, a journalist with Graphic Communications Group Limited (GCGL), has warned the Nana Akufo-Addo administration to be extremely careful how it goes about the $14 billion dollar loans it intends to secure from China.

Mabel Baneseh cautions Akufo-Addo administration on Chinese loan

Mabel Aku Baneseh, Daily Graphic staff writer

READ ALSO: Six Nigerians have just been arrested for an evil act in Ghana and it's terrible

In a Facebook post on Tuesday, Mabel recalled the difficulty the erstwhile John Evans Atta Mills administration faced when it tried to secure a $3 billion from China.

The journalist said that money did not come on a silver platter.

Mabel, who is a staff writer with the Daily Graphic, cautioned the government to be mindful of the possibility of the Chinese making ridiculous demands of Ghana at the time the country desperately needs cash.

The award-winning journalist and writer urged the government to consider other sources of revenue, as well as focusing on blocking revenue leakages in the country.

Mabel Baneseh cautions Akufo-Addo administration on Chinese loan

Mabel Aku Baneseh

Mabel's argument for blocking revenue leakages follows an IMANI think tank report that said Ghana loses $3 billion to corruption each year.

"Dear government, be very careful with the Chinese and their promises. Rather, find alternative means of sealing all revenue leakages etc etc. The money is here on our soil," she wrote.

Several social media users agreed with Mabel's call for the government to consider other sources of revenue, including a focus on raising money locally.

Click here to get YEN.com.gh news on the go with our mobile app.

Mabel's remarks come as Vice-President Mahamudu Bawumia states that there are no strings (conditions) attached to the Chinese loan.

Mabel Baneseh cautions Akufo-Addo administration on Chinese loan

Mahamudu Bawumia met the Chinese vice-president, Li Yuanchao, during a recent trip to China

He said the $14 billion would be used for investments that would be mutually beneficial to both countries.

On social media, many Ghanaians have railed against the loan, which they say will derail government's effort to rid the country of illegal Chinese miners.

YEN.com.gh has, meanwhile, sighted an infographic on how the Chinese cash will be disbursed.

Mabel Baneseh cautions Akufo-Addo administration on Chinese loan

What do you make of Mabel's remarks? Let us know in the comments section below.

We will feature your tips and stories on YEN.com.gh. Send them to us on Facebook and via email at info@YEN.com.gh.

READ ALSO: Odartey paid a journalist to record his ex-wife's affairs and what he found was explosive

Source: Yen.com.gh

Related news
Majid sends crucial message to the public about his new life in Christ

Majid sends crucial message to the public about his new life in Christ

Majid sends crucial message to the public about his new life in Christ
YEN.com.gh
Mailfire view pixel