{"id":605169,"date":"2019-04-05T01:44:12","date_gmt":"2019-04-05T01:44:12","guid":{"rendered":"<br><div>\n<p class=\"floatLeft\">Business News of Thursday,  4 April 2019<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>classfmonline.com<\/p>\n2019-04-04\n\n<div class=\"article-left\">\n<p class=\"article-image\"><img src=\"https:\/\/cdn.ghana-mma.com\/2019\/03\/96"},"modified":"2019-04-05T01:44:12","modified_gmt":"2019-04-05T01:44:12","slug":"1-62bn-of-3bn-eurobond-will-be-consumed-by-family-and-friends-adongo","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/04\/05\/1-62bn-of-3bn-eurobond-will-be-consumed-by-family-and-friends-adongo\/","title":{"rendered":"$1.62bn of $3bn Eurobond will be consumed by &#8216;family and friends&#8217; \u2013 Adongo"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"floatLeft\">Business News of Thursday,  4 April 2019<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>classfmonline.com<\/p>\n<p>2019-04-04<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ghanamma.com\/2019\/03\/96357772.295.jpg\" alt=\"Bolgatanga Central MP Isaac Adongo2019\" title=\"Bolgatanga Central MP Isaac Adongo2019\" width=\"295\" height=\"197\" \/><span class=\"image_caption\"><span>Isaac Adongo, Member of Parliament for Bolgatanga Central<\/span><\/span><\/p>\n<\/div>\n<p style=\"clear:right\">The Member of Parliament (MP) for Bolgatanga Central, Mr Isaac Adongo, has said a chunk of the $3 billion raised from the recently-issued Eurobonds by the government will end up with \u201cfamily and friends\u201d.<\/p>\n<p>Mr Adongo, a Member of the Finance Committee of Parliament, expressed worry that Ghana has moved from an era of borrowing to secure the future of the younger generation, to an era of borrowing for consumption.<\/p>\n<p>He pointed out that: \u201cIf you take 2019, the $3 billion they borrowed, $2 billion is for the budget. Only $390 million will be spent on capital expenditure. $1.61 billion will go into family and friends, you know it\u201d.<\/p>\n<p>The lawmaker made these remarks during a presentation at the opposition National Democratic Congress\u2019 public lecture on Ghana&#8217;s economy in Accra on Thursday, 4 April 2019.<\/p>\n<p>Mr Adongo also said: \u201cIn 2018, we [Ghana] went to borrow $750 million [but] we spent only $119 million on capital expenditure; $631 million, we spent on consumption. Our children will have to come and pay for this and they [the government] have nothing to show\u201d.<\/p>\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Thursday, 4 April 2019 Source: classfmonline.com 2019-04-04 Isaac Adongo, Member of Parliament for Bolgatanga Central The Member of Parliament (MP) for Bolgatanga Central, Mr Isaac Adongo, has said a chunk of the $3 billion raised from the recently-issued Eurobonds by the government will end up with \u201cfamily and friends\u201d. Mr Adongo, a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":596354,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-605169","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>$1.62bn of $3bn Eurobond will be consumed by &#039;family and friends&#039; \u2013 Adongo - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/04\/05\/1-62bn-of-3bn-eurobond-will-be-consumed-by-family-and-friends-adongo\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"$1.62bn of $3bn Eurobond will be consumed by &#039;family and friends&#039; \u2013 Adongo - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Business News of Thursday, 4 April 2019 Source: classfmonline.com 2019-04-04 Isaac Adongo, Member of Parliament for Bolgatanga Central The Member of Parliament (MP) for Bolgatanga Central, Mr Isaac Adongo, has said a chunk of the $3 billion raised from the recently-issued Eurobonds by the government will end up with \u201cfamily and friends\u201d. Mr Adongo, a [&hellip;]\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/05\\\/1-62bn-of-3bn-eurobond-will-be-consumed-by-family-and-friends-adongo\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/04\\\/05\\\/1-62bn-of-3bn-eurobond-will-be-consumed-by-family-and-friends-adongo\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\"},\"headline\":\"$1.62bn of $3bn Eurobond will be consumed by &#8216;family and friends&#8217; 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