Member of Parliament for Ningo Prampram has questioned the rationale behind government’s decision to trade Ghana’s bauxite for $2 billion loan from Chinese firm, Sinohydro Corporation Limited.
The deal, according to government spokespersons, would be in exchange for the construction of priority infrastructural projects.
Under the deal, Sinohydro Group Limited of China will provide $2 billion of infrastructure of government’s choice in exchange for Ghana’s refined bauxite.
Ghana will establish a refinery within the next three years and select its own partner to undertake the refining of the bauxite.
Government says improved roads would help to tremendously reduce travel time, congestion, vehicle operating cost, accidents and the cost of doing business.
However, Sam George speaking on Metro TV on Thursday said the deal is not in the interest of the Ghanaian people, adding that, “government was simply short changed”.
“This is a bad deal to say the least, how on earth can you enter into an agreement and virtually sell all your bauxite to the Chinese. Seriously, we need a thinking government. It is obvious this government does not think,” the MP stressed.
According to Sam George, government as part of the deal would cede Ghana’s Digital Terrestrial Transmission (DTT) platform to a Chinese network StarTimes.
“This is going to jeopardize the Ghanaian media. Ghanaians may end up paying for free to air televisions stations because that’s how StarTimes operate. They can easily manipulate our airwaves because they are a competitor in their right. They run Max TV so they decide to prize our TV stations out by increasing the monthly fees or dues paid by the station.
“StarTimes have taken over the Zambia national broadcaster and done same in Kenya. Their activities are dubious and government must be careful in dealing with them,” he warned.
Do you want to be featured on Asempanews.com? Send us a message on our Facebook page now with your stories, photos or videos.