Audio By Carbonatix
Deputy Minister for Finance and Economic Planning, Fifi Kwetey has denied ever saying that government presented inaccurate report on the $750 million Eurobond loan to the World Bank to save Ghana’s reputation.
He said it is a deliberate mischief by the opposition New Patriotic Party (NPP) to distort facts for political expediency.
Mr. Kwetey is quoted to have said on Accra-based Okay FM, that the ruling National Democratic Congress (NDC) had to falsify document presented to the World Bank on the $750 million Eurobond loan in the interest of the nation.
But speaking on Asempa FM’s Ekosii Sen programme Monday, Fifi Kwetey said what he said on Okay FM has been misconstrued by people he called “creatures of darkness who believe in lies”.
According to him all he said in the interview was that the Finance Ministry in the report gave summary of what the money was used for and that should they have given specifics, it would have been an embarrassment to the country.
The Deputy Finance Minister indicated that NPP in its desperate attempt to win power want to capitalized on what he called “blatant misinterpretation of the facts” to win the December elections.
He stated that the erstwhile Kufuor administration squandered $750 million loan facility secured to expand the country’s energy section.
Fifi Kwetey said the NPP government used the money among other things to buy prepaid metres, buy AngloGold Ashanti shares, and pay salaries contrary to the terms of agreement of the loan facility.
He challenged the NPP point to any single infrastructural project as a beneficiary of the Eurobond under its eight year rule in government.
Fifi Kwetey urged that NPP to attack the message and not the messenger and set the record straight on their won lies.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
The Chief Justice is not a Touring Minister: Baffoe-Bonnie’s SOE visits are unconstitutional officiousness
17 minutes -
Enforcing environmental laws carries political cost, while offenders go unpunished – Frimpong-Boateng
25 minutes -
Galamsey fight collapsed after safeguards introduced in 2018 were abandoned – Prof Frimpong-Boateng
29 minutes -
Jail officials who approve projects in wetlands and forest reserves – Prof Frimpong-Boateng
41 minutes -
Ghana needs $21bn to restore lands damaged by illegal mining – Frimpong-Boateng
48 minutes -
Law student killed in hit-and-run on Tema Motorway; family offers GH¢50,000 bounty
56 minutes -
Gas explosion near Larteh school contained after fire outbreak
58 minutes -
Nigerian-British businessman dies after penis enlargement procedure in Thailand
1 hour -
CHEAP JUSTICE? – Occasional Kwatriot Kwesi Yankah writes
2 hours -
WASSCE 2026: English performance decline requires urgent action – EduWatch
2 hours -
Old Tafo MCE pledges action as residents raise alarm over faulty drainage systems
2 hours -
Abossey Okai dealers reject spare parts cost as justification for 30% transport fare hike
3 hours -
NPP to hold balloting for national elections on September 9
3 hours -
DirectAid concludes flood relief distribution across Greater Accra, Kasoa
4 hours -
Volcano eruption leaves 150,000 passengers stranded in Indonesia
4 hours