Home   >   Business   >   Economy   >   201309





Borrowed Monies Being Put To Good Use – Gov’t Tells Minority
 
<< Prev  |  Next >>
 
27-Sep-2013  
Comments ( 0 )     Email    Print
       
 
 
 
Prez John Mahama
 
 
Related Stories
 
Government has accused the minority in parliament of misleading the public about the state of the Ghanaian economy.

The Minority at a Press Conference on Thursday said the economy is in crisis because of what it described as President Mahama’s penchant for borrowing.

The minority expressed fear that the economy would run down if the trend continues.

However, Deputy Information Minister Felix Ofosu Kwakye disagreed.

In an interview with XYZ News, he said the monies being borrowed are being put to good use.

“I find it surprising that the minority would say government has done nothing with the monies borrowed.

“For instance everybody knows that when we borrowed 3 billion dollars from the China development bank, we pumped a significant number of it into the construction of a gas processing plant in the Western region,” he argued.

The deputy information minister said such long term projects will eventually improve the economy of the country.

He cautioned the minority to assess matters objectively without political bias.
 
 
 
Source: XYZ News
 
 

Comments ( 0 ): Post Your Comments >>

 
 
 
Disclaimer: 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 content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.