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
-
I told EOCO to arrest Manhyia South MP – Mustapha Gbande
20 minutes -
2028 election will be a combination of strategy and ‘buga’ – Miracles Aboagye
20 minutes -
Bombs preventing rescue of kidnapped youths, Nigerian police say
30 minutes -
Flydubai co-pilot planned to crash plane into Tel Aviv airport or building, reports say
30 minutes -
National security must be built beyond Accra – Muntaka
30 minutes -
Ghana bans preaching on buses with jail terms for offenders
31 minutes -
Twelve arrested for allegedly running cat trafficking ring in Vietnam
44 minutes -
Kojo Bamba could be a chairman in the NDC any day without competition – Miracles Aboagye
47 minutes -
Photos: Vice President Jane Naana Opoku-Agyemang at the Ghana Teacher Prize 2026
51 minutes -
GoldBod Jewellery opens new showroom in Takoradi to promote gold value addition
1 hour -
National Cathedral site handed back to government pending AG’s review – Mahama Ayariga
1 hour -
Gov’t outlines measures to expand access to affordable housing as Ghana marks World Habitat Day
1 hour -
Ghana AI Summit 2027 set for Accra in March
1 hour -
GoldBod to sell spot dollars to banks twice a week under new FX framework
1 hour -
‘No vacancy’ notice was administrative, not policy to halt national service – Parliament
1 hour