I helped stop $3b China loan – Ken Agyapong

General News of Monday, 2 March 2015

Source: adomonline.com

Kennedy Agyapong Radio

New Patriotic Party (NPP) Member of Parliament (MP) for Assin Central, Kennedy Agyapong has revealed that he told the Chinese government to suspend the full disbursement of the $3billion loan sought by the Ghana Government.

Hon. Agyapong says he chose that path because the government had inflated the cost of the Atuabo Gas project and several other projects the loan would have been used for.

“I told them not to give out all the amount since the Government of Ghana had inflated the cost of the gas project…,” he said on Accra’s Okay FM.

He continued that he alerted the Chinese to the fact that ‘no government would pay for the loan because of the inflation of the cost.’

The acquisition of the $3billion Chinese loan was a major catchphrase of the NDC government during the late Prof. Atta Mills’ regime.

The government hinged several developmental projects on the arrival of the loan, with NDC communicators touting it as the money to help Ghana come out of underdevelopment.

Parliament also warned about the loan.

After several delays, only one billion dollars of the amount finally arrived, and all efforts to attract the remainder have proved futile.

President John Dramani Mahama is on record to have appealed to a Chinese envoy to entreat their government to release the rest of the loan.

But all the efforts that hit the rocks, Ken Agyapong said, was due to his message to the Chinese government that subsequent Ghanaian governments won’t pay for the inflated loan.

He described his move as one that “saved Ghana…”