Audio By Carbonatix
Editor-in-chief of the New Crusading Guide Newspaper Kweku Baaku Jnr. has lashed out at the Deputy Minister of Energy who accused the NPP government of inflating an Exim bank loan to the tune of $102 million.
Mr Baaku is incensed over what he says is the “kindergarten-style” of addressing issues adopted by the deputy minister.
Mr Emmanuel Armah-Kofi Buah told Joy FM’s Kojo Oppong Nkrumah on Tuesday the Mills administration saved Ghanaians an amount of $70 million after re-negotiating a loan amount of $350 million from the US Bank for purposes of extending electricity to the Northern parts of the country.
He was reacting to a New Crusading Guide News paper report on Tuesday that the NDC was re-announcing a loan package that has already been approved by Parliament in 2008 by the NPP government.
Mr. Buah posited that even though the loan agreement started in 2008, it was the Mills administration which “cleaned it up”, giving the people of Ghana better value for money.
But Mr. Baako insists the comments by the deputy minister were “bloody lies” meant to rationalize an obvious untruth that the NDC secured that particular loan.
Speaking on Peace FM’s newspaper review programme Kokrookoo on Wednesday, the avid critic of the NDC said the deputy minister’s comments smacks of illiteracy, ignorance, mischief or a combination of all.
He explained every loan agreement signed by government with any donor partner, must as a matter of constitutionality, be approved by Parliament.
According to him, if indeed the NDC government renegotiated the loan agreement, the details of the new agreement must be brought back to Parliament for ratification.
He challenged the Deputy Minister to show where in the Parliamentary Hansard the re-negotiated deal had been documented.
Tracing the history of the loan agreement with Exim Bank, Mr Baako said the initial agreement was signed and approved by Parliament in December 2007.
But upon further discussion between the then deputy Finance Minister Dr Akoto Osei and officials of Exim Bank the loan agreement was enhanced.
He said the NPP then brought the new agreement to Parliament which was then approved in August 2008.
On allegations that the NPP inflated the loan, Mr Baako said that was an indictment on the integrity of Parliament and challenged the leadership to invite the Deputy Minister to answer questions on the allegations.
Story by Nathan Gadugah/Myjoyonline.com/Ghana
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
-
Arsenal sign Greece forward Tzolis for ÂŁ34m
44 minutes -
Italy confirm Ancelotti approach before Guardiola
53 minutes -
Arsenal set to make ÂŁ70m bid for Newcastle’s Guimaraes
3 hours -
Norway consider complaint over Balogun ban decision
3 hours -
King Tackie Teiko Tsuru II launches maiden Ga Mantse Tennis Open ahead of 2026 Homowo Festival
3 hours -
Newcastle & Liverpool plan Keegan tribute at season opener
3 hours -
Modric, 40, signs new AC Milan deal
3 hours -
Spend like there’s no tomorrow and Ghana will crash again – Ato Forson
3 hours -
Ghana on course to exit IMF as fiscal targets Are Beaten – Ato Forson
4 hours -
‘Don’t blame us’ – NPP locked Ghana into IMF spending rules, says Ato Forson
4 hours -
Sam George urges African countries to prioritise meaningful connectivity over network coverage at ATU conference
4 hours -
Afenyo-Markin accuses government of economic failures, questions impact of 2026 Mid-Year Budget Review
4 hours -
US imposes tariffs on dozens of trade partners over ‘forced labour’ imports
4 hours -
Gov’t develops 100 mmscfd modular gas facility to create 1,000 jobs, generate $2bn
4 hours -
‘I’m not stingy’ — Ato Forson says previous government committed Ghana to IMF spending targets
5 hours