Politics of Wednesday, 28 June 2017Source: mynewsgh.comBawumia must be stopped from reckless borrowing - MPVice President Dr BawumiaThe Member of Parliament (MP) for Bolga Central Constituency and ranking member on finance , Isaac Adongo has described the $19 billion Chinese loan as a caricature that will haunt Ghanaians if care is not taken. “Chinese loans are always work in progress because they will never reach a conclusion. According to him, Vice President Dr Mahamudu Bawumia must be stopped from engaging in such reckless borrowing before he plunges the economy into a big mess. Speaking on Accra-based Okay Fm, he revealed that Chinese loan agreements are always laced with hidden interests contrary to claims by the Vice President and the majority in parliament that the terms are known. He stated that Ghana does not have the capacity to borrow nineteen billion dollar ($19 billion) and be able to service it over the next ten years.

Source: GhanaWeb June 28, 2017 08:26 UTC