Politics
Ghana Paying More Cash to Access Chinese Loan
He argued that no other person but the President should go because the initial agreement was signed by the late President John Evans Atta Mills. A Deputy Minister of Finance, Kwaku Ricketts-Hagan, last week told Citi FM, an Accra-based radio station, that the Chinese government was making more demands to the detriment of Ghana.
Mr Ricketts-Hagan said, “They are asking for other things I cannot tell you but they want more. That is why we have returned to the negotiation table.” The Chinese government has already agreed with the government of Ghana to receive 13,000 barrels of crude oil per day but reports now suggest that the Chinese is raising the bar to get an additional 2,000 barrels of crude from Ghana.
He also concluded, “We signed the agreement but there were some commitments that we were to adhere to and we are doing that, but they are asking for other things; it could be oil and it could be other things, but I cannot tell you more but they are issues on interpretation of the contract and that is why we have returned to the negotiation table but certainly the two parties are not happy.”
Source: Spy Ghana
