General News of Monday, 26 June 2017Source: classfmonline.comMP questions $15b China loanFormer Deputy Minister of Finance, Cassiel Ato ForsonFormer Deputy Minister of Finance Cassiel Ato Forson has raised doubts that recent loans of up to US$15 billion from the Chinese government to Ghana is coming with no underlying condition. Vice President Dr Mahamudu Bawumia, shortly after arrival on Sunday June 26 from a working visit to China, announced that government had reached an agreement with the Chinese government for the mutual benefit of both countries. He also questioned why the New Patriotic Party (NPP) government was going for loans when they criticised the then Mahama administration against funding projects with borrowed funds. “What is going to be the impact on debt stock and debt sustainability? 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.

Source: GhanaWeb June 26, 2017 20:48 UTC