Yao Graham: Administer loans, MoUs purposefully

Dr Graham

Dr Graham

Co-ordinator of the Third World Network (TWN-Africa), Dr Yao Graham has challenged the government to do a lot to convince the citizenry loans and other Memoranda of Understanding (MOUs) signed with countries must be administered purposefully.
He explained that fears of political appointees tended to misuse facilities and agreements were not misplaced because the citizenry felt they do not benefit from such agreements.

“Part of the challenges with why people are skeptical about the agreements is the fear and not unfounded that once the loans are raised, it creates an opportunity for feeding frenzy within the political elite and their associates,” he noted.

Dr Graham’s comments come after government announced it has signed eight co-operation agreements and MoUs with China in different sectors of their respective economies.

They were aimed at deepening the ties of co-operation and the bonds of friendship that exist between the two countries.

The agreements were signed on September 1, 2018, after President Nana Akufo-Addo, and the President of China Xi Jinping, held bilateral talks, as part of the president’s state visit to China.

The agreements were the ‘One Belt One Road Memorandum of Understanding’, ‘Memorandum on Regional Aviation Co-operation’, ‘Agreement for Co-operation in the Peaceful Use of Nuclear Energy’ and ‘Co-operation to Carry out Maternal and Child Health Project.’

The rest are ‘Framework Agreement on Financing Insurance Co-operation’, ‘Economic Co-operation on Phase II project of the University of Health and Allied Sciences, Ho’, ‘Co-operation on the Expansion of the Cape Coast Stadium’, and ‘Co-operation on the Supply of Police Vehicles.’

Dr Graham pointed out that “whilst it may be good to do a number of things, you have only so much institutional capacity at any point and how you face those projects is quite critical, government should put out enough information about the agreements for discussions so as to allay any fears the public might have.

“Government must assess quality of projects that get designed under the agreements which allows you to ask questions on value for money.

“All the countries lending to us will try to have as many terms as possible that will be favourable to their organisation, it’ll be prudent same is done in our case,” Dr Graham cautioned. –myjoyonline.com

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