Audio By Carbonatix
Government entered into a $2 billion Master Project Support Agreement (MPSA) with the Chinese state-run, Sinohydro Corporation Limited in September 2018, to bridge the severe infrastructure deficit in the country.
Under the deal, Sinohydro, a hydropower engineering and construction firm, will finance and execute the construction of infrastructural projects across the length and breadth of Ghana in exchange of access to sites to mine bauxite.
The projects include hospitals, an extension of electricity to rural communities, construction of court and residential buildings for the Judicial Service, landfill sites and industrial parks.
But the Minority in Parliament has expressed concern that the $2 billion deal between Ghana and Sinohydro will only add up to the debt stock of the country, thereby, further burdening the already burdened taxpayer.
There has been a delay in the execution of these projects, however, government says there is no cause for worry.
Meanwhile, in a documentary titled “Where is the $2 billion Sinohydro deal?” JoyNews’ learned that government has only managed to access $100 million for the first phase of the project.
Tonight on PM Express, host Evans Mensah engaged the Director of Special Projects and Investor Relations at the Office of the Vice President, Dr Mutaka Alolo and Minority Spokesperson on Finance Committee, Dr Cassiel Ato Forson to discuss the status of the Sinohydro deal.
Latest Stories
-
24-Hour Economy not just talk — Edudzi Tamakloe confirms sector-level implementation
12 minutes -
Four arrested over robbery attack on okada rider at Fomena
14 minutes -
NDC gov’t refusing to take responsibility for anything that affects Ghanaians – Miracles Aboagye
39 minutes -
Parental Presence, Not Just Provision: Why active involvement in children’s education matters
1 hour -
24-Hour economy policy fails to create promised jobs – Dennis Miracles Aboagye
1 hour -
Ghana Embassy in Doha urges nationals to take shelter after missile attack
1 hour -
Government’s macroeconomic stability commendable, but we need focus on SME growth – Victoria Bright
2 hours -
Macro stability won’t matter without food self-sufficiency- Prof. Agyeman-Duah
2 hours -
How Virtual Security Africa is strengthening safety at Mamprobi Polyclinic
2 hours -
Ghana on right track macroeconomically, but structural gaps remain – Fred Dzanku
2 hours -
ADB MD honoured for impactful leadership at PMI Ghana engagement
2 hours -
Bringing Ofori-Atta’s photo to Parliament and displaying it was unfair – Afenyo-Markin
3 hours -
Minority leader calls 24-Hour economy policy more PR than practical solution
3 hours -
Afenyo-Markin accuses government of using anti-corruption drive to target opponents
3 hours -
GPL: Kotoko announce new board of directors
3 hours
