In 2017 when we took hold of the reins of power, much of this country remained in ruins. We had to seek a loan of some $2.5 billion to help restructure our debts and clean the mess the NDC had created making it extremely difficult for the economy to grow. This was to feed up some space to allow the economy to grow again.
And what did these guys do?
They petitioned CHRAJ describing the deal as corrupt and also citing conflict of interest. CHRAJ threw out the petition on the first allegation Abd the court threw out CHRAJ’s ruling on the second bit.
Later same year, they petitioned the United States SEC, till date nobody knows the fate of the paper on which the petition was printed. Probably shredded, probably found it’s way to a Kofi Brokeman seller’s table.
This year, we leveraged on our bauxite reserves for 10 billion dollar worth of infrastructural projects across all regions of the country in the famous SINOHYDRO Projects. This should massively bridge the infrastructural deficits bringing development to the doorsteps of the people. We are also getting as part of the deal a bauxite refinery which will process bauxite before export. A first of its kind facility that will become ours after 5 years.
The various projects in the bauxite barter trade with the Chinese include:
90 bridges across the country.
Tamale Interchange at ‘Point 7’.
New Ultramodern National Psychiatric Hospital.
Extension of Railway Line to Paga.
Extension of Railway Line to and completion of Boankra Inland Ports
Paga inland terminal, 910 km of road network.
Construction of 10 Ten industrial parks.
Construction of 25,000 houses for the security services.
Construction of 100,000 social housing units.
Construction of 25 district hospitals.
Construction of Western Regional Hospital.
Reconstruction and Rehabilitation of 8,286 collapsing classrooms.
Upgrading of 42 SHSs into model schools.
Construction of modernize Irrigation and water transmission systems in northern Ghana.
The regional breakdown of the roads are also captured in the photos below.
As usual of the NDC with their rather strong penchant for opposing anything positive for Ghana, they petitioned the IMF again on the 20th of August, 2017 calling on the IMF to block the deal.
Our bauxite reserves es are estimated at some $400 billion dollars and we are leveraging on some 5% of it for these massive infrastructural projects. Surprisingly, the NDC sold off this concession after they lost the 2016 elections on or about 20 December 2016 to Ibrahim Mahama for a paltry $300,000. Now, think about this!
I am happy the Chinese and GoG are paying no attention to these nation wreckers and are going on with the deal. Some people are hurt, because they spent some $100 million as interests on some phantom $3 billion China loan so the thought of we bringing in these projects worth over $10 billion on a barter trade system hurts them.
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