{"id":1196699,"date":"2022-09-01T18:59:06","date_gmt":"2022-09-01T18:59:06","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/09\/01\/750m-afrexim-loan-stop-making-deceptive-claims-bortianor-mp-cautions-ato-forson-politics\/"},"modified":"2022-09-01T18:59:06","modified_gmt":"2022-09-01T18:59:06","slug":"750m-afrexim-loan-stop-making-deceptive-claims-bortianor-mp-cautions-ato-forson-politics","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/09\/01\/750m-afrexim-loan-stop-making-deceptive-claims-bortianor-mp-cautions-ato-forson-politics\/","title":{"rendered":"$750m Afrexim Loan: Stop Making Deceptive Claims &#8211; Bortianor MP Cautions Ato Forson | Politics"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Dr. Cassiel Ato Forson, Member of Parliament (MP) for Ajumako-Enyan-Esiam and Minority Ranking Member on the Parliamentary Finance Committee\u00a0recently questioned\u00a0how a $750 million loan from Afrexim Bank will turn to $713 million.<\/p>\n<p>He wants the Finance Ministry to explain the whereabout of the remaining $37m.<\/p>\n<p>Deputy Finance Minister, John Kumah in reaction stated that the $37m has been set aside for\u00a0debt servicing.<\/p>\n<p><em>\u201cThis arrangement is not new as the Ministry of Finance has from time to time created specialized Escrow accounts for specific purposes. In this particular transaction, an amount of USD37 million from the facility has been set aside for debt service obligations. All the documentation relating to this arrangement were supplied to and was approved by Parliament,\u201d<\/em> he stated.<\/p>\n<p>Member of Parliament (MP) for Bortianor-Ngleshie-Amanfrom, Sylvester Tetteh contributing to a panel discussion on <strong>Peace FM<\/strong>&#8216;s morning show &#8216;<strong>Kokrokoo<\/strong>&#8216; urged the Minority specifically, Ato Forson to avoid making deceptive claims.<\/p>\n<p><em>&#8220;Such comments can be deceptive, how can you say that 37 is missing? It is not true but thankfully the Finance Ministry has set the records straight&#8221;.<\/em><\/p>\n<p><strong>But&#8230;<\/strong><\/p>\n<p>Sly Tetteh, has, however bemoaned the fact that the $37m set aside by government will make some of the projects the loan is targetting suffer.<\/p>\n<p><strong>Listen to him in the video below<\/strong><\/p>\n<p><div class=\"youtube-embed\" data-video_id=\"2V3r87dqQ1k\"><iframe loading=\"lazy\" title=\"It\u2019s Not True...Stop Deceiving Ghanaians - Sly Tells Ato Forson Over Afrexim Loan\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/2V3r87dqQ1k?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/p>\n<h3><strong>About $750 Afrexim Loan<\/strong><\/h3>\n<p>The loan was disbursed in three tranches;\u00a0US$187 million, 193m Euros, and US$332 million.\u00a0 Government is expected to enjoy a 3-year grace period or moratorium for the facility.<\/p>\n<p>Parliament approved the $750 million loan agreement for funding infrastructure projects and budget support.<\/p>\n<p><strong>Below is government&#8217;s plan for AFRIXEM loan<\/strong><\/p>\n<p>\u00a01 Ofankor -Nsawam Road Project<\/p>\n<p>2 Ejisu- Konongo Road Project<\/p>\n<p>3 Completion of Nsawam Apedwa Road Project<\/p>\n<p>4 Suame Interchange and Local Road Network Project<\/p>\n<p>5 Completion of Flower Pot Interchange, East Legon, Accra<\/p>\n<p>6 Completion of Sofoline Interchange Project<\/p>\n<p>7 Construction of Kwabenya \u2013 Peduase Road project \u2013 GoG Counterpart Funding<\/p>\n<p>8 Completion of Eastern Corridor Lot 5 and 6<\/p>\n<p>9 Construction of Enkyikrom \u2013 Adawso Road Project<\/p>\n<p>10 Sports Projects -Construction of Stadia and Sports Infrastructure for the All-African Games 2023<\/p>\n<p>11 Railway Projects- Purchase of Rolling Stock and Spare Parts<\/p>\n<p>12 Agenda 111 \u2013 Partial Funding<\/p>\n<p>13 Construction of 37 Hospital Project \u2013 GOG Counterpart Funding<\/p>\n<p>14 Purchase of 112 Ambulances \u2013 GOG Counterpart Funding<\/p>\n<p>15 Energy Projects \u2013 Transmission, Power Outage Reduction and Network Improvement Project<\/p>\n<p><span class=\"peace_black_text_4\">Source: Peacefmonline.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>Dr. Cassiel Ato Forson, Member of Parliament (MP) for Ajumako-Enyan-Esiam and Minority Ranking Member on the Parliamentary Finance Committee\u00a0recently questioned\u00a0how a $750 million loan from Afrexim Bank will turn to $713 million. He wants the Finance Ministry to explain the whereabout of the remaining $37m. Deputy Finance Minister, John Kumah in reaction stated that the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1196702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[17674,24448,4072,24990,2252,276,24991,4073,659,5113,1753,534],"class_list":["post-1196699","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics","tag-750m","tag-afrexim","tag-ato","tag-bortianor","tag-cautions","tag-claims","tag-deceptive","tag-forson","tag-loan","tag-making","tag-politics","tag-stop"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1196699","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=1196699"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1196699\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1196699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1196699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1196699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}