{"id":1088553,"date":"2022-05-16T07:16:27","date_gmt":"2022-05-16T07:16:27","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/05\/16\/ndc-will-oppose-any-attempt-by-govt-to-collateralize-heritage-fund-mahama-politics\/"},"modified":"2022-05-16T07:16:27","modified_gmt":"2022-05-16T07:16:27","slug":"ndc-will-oppose-any-attempt-by-govt-to-collateralize-heritage-fund-mahama-politics","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/05\/16\/ndc-will-oppose-any-attempt-by-govt-to-collateralize-heritage-fund-mahama-politics\/","title":{"rendered":"NDC Will Oppose Any Attempt By Gov\u2019t To Collateralize Heritage Fund \u2013 Mahama | Politics"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Former President John Dramani Mahama\u00a0has said that his party, the\u00a0National Democratic Congress\u00a0(NDC) will oppose any move by the Akufo-Addo administration to collateralize the Ghana Heritage Fund (GHF).<\/p>\n<p>Mr Mahama said he is picking up signals within the investment community that the government intends to use the GHF as collateral to raise a US$2billion from a consortium of banks.<\/p>\n<p>If this turns out to be true, he said, his party will oppose it the same way they rejected the\u00a0Agyapa royalties agreement.<\/p>\n<p>In a Facebook post on Sunday May 15, the 2020 presidential candidate for the NDC said \u201cAs I emphasized in my presentation on Ghana at Crossroads: Government must clarify reports which are rife in the investment community that it intends to use the heritage Funds as collateral to raise a US$2billion from a consortium of banks.<\/p>\n<p>\u201cWe wish to serve notice that if it turns out to be true, we in the NDC, in the same way that we opposed the Agyapa deal, we cannot support the collateralization of every single source of future revenue just to finance today\u2019s consumption.\u201d<\/p>\n<p>\u00a0<br \/>The purpose of the GHF is to provide an endowment to support the development of future generations when the petroleum reserves have been depleted.<\/p>\n<p>To achieve this objective the fund seeks to preserve and enhance the real (inflation-adjusted) purchasing power of the fund over the long term.<\/p>\n<h3><strong\/><\/h3>\n<p><span class=\"peace_black_text_4\">Source: 3news.com<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"clear:both\">\n<tr>\n<td><span class=\"peace_red_text_1\">Disclaimer<\/span>: <span class=\"peace_ash_text_1\">Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of . Please report any inappropriate  to us, and we will evaluate it as a matter of priority.<\/span><\/td>\n<\/tr>\n<\/table>\n<p>Featured Video\n<\/p>\n<p><div class=\"youtube-embed\" data-video_id=\"wB2-NHndouE\"><iframe loading=\"lazy\" title=\"Our Fight Against Sim Card Registration Is Unending- Hon. Ras Mubarak Cautions Gov&#039;t\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/wB2-NHndouE?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former President John Dramani Mahama\u00a0has said that his party, the\u00a0National Democratic Congress\u00a0(NDC) will oppose any move by the Akufo-Addo administration to collateralize the Ghana Heritage Fund (GHF). Mr Mahama said he is picking up signals within the investment community that the government intends to use the GHF as collateral to raise a US$2billion from a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1088555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[9227,13703,1353,225,2608,1125,680,13663,1753],"class_list":["post-1088553","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics","tag-attempt","tag-collateralize","tag-fund","tag-govt","tag-heritage","tag-mahama","tag-ndc","tag-oppose","tag-politics"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1088553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1088553"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1088553\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1088553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1088553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1088553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}