A Deputy Finance Minister, Fifi Fiavi Kwetey, has rubbished claims by the Minority that the government has breached an IMF conditionality that limits the amount the country could borrow this year with the $3billion loan facility from China. The Minority at a press conference Tuesday accused the government failed to take cognizance of an 800 million Dollar-limitation on government borrowing as agreed between the government of Ghana and the IMF in June. The Minority also accused the government of violating Section 18(7) of the Petroleum Revenues Appropriation Law which says that future oil resources cannot be collateralised for a period exceeding 10 years. The ranking member on the Finance Committee of Parliament Dr Osei Akoto, who addressed the press conference, also raised issues with the quantum of the loan, arguing the economy could not absorb the money. But Mr Fifi Kwetey stated that the government has done nothing wrong, insisting the Minority of opposing the loan facility for “purely political purposes”. Speaking on Dwaso Nsem on Adom FM on Wednesday, Mr. Kwetey said “The truth is that the Minority even from the word go, has been totally opposed to this facility...the same way they've been opposed to everything developmental in the history of Ghana." "As long as they are not in power, they are opposed to everything developmental; opposed to Ghana's independence; opposed to the construction of the Akosombo Dam; opposed to even the 1992 Constitution, they've been opposed to everything," he asserted. Mr Kwetey, who is the immediate past Propaganda Secretary of the NDC, said, "the same Minority did not have a problem in 2001, 2002 - even when the economy of Ghana was not this developed - to go for a $1billion facility and they went chasing it into a hairdressing salon." He said it was curious that the same Minority would be complaining that the economy lacks capacity to absorb the $3biilion loan facility when they were pushing for $1billion a decade ago - when the economy was much smaller. The real concern of the NPP Minority, Fifi Kwetey maintained, "is that they are worried politically; that the access to this loan will bring about a complete transformation of Ghana's infrastructure, accelerate the economy and, of course, make it difficult for them politically to be able to come back to power. So that clearly has been their concern." The Deputy Minister for Finance claimed that officials from the World Bank described the facility as a good one for Ghana’s transformation. He said contrary to claims by the NPP, the World Bank was supporting the government in its efforts to secure the loan. He admitted the issue of IMF conditionality barring the country from borrowing beond a certain threshhold but explained the matter had been saisfactority explained to Fund. Reacting to comments by the Minority Leader that the loan agreement would be reviewed if the NPP comes to power, Mr Kwetey, asked, "When are they coming to power? haha, they should keep dreaming!"