Politics of Tuesday, 27 June 2017Source: mynewsgh.comDetails of $15 billion Chinese deal to be put before parliament - Kwaku KwartengKwaku Kwarteng, Deputy Finance MinisterDeputy Minister for Finance, Kwaku Kwarteng has revealed that full details of the $15 Billion Chinese deal will be put before parliament for a debate before it is signed off. “What is going to be the impact on debt stock and debt sustainability? …When they were in position they said they were not going to borrow and they would use resources of the state, so why are they borrowing now?” he asked. Additionally, he observed that processes to undertake before accessing the loans will take at least two years and Ghana will not have all the money at once. “Knowing the Chinese and having worked with them, it is going to take a bit of time, at least by my calendar I will not calculate anything less than two years,” he said.

Source: GhanaWeb June 27, 2017 12:33 UTC