A Development Economist and Lecturer at the University for Development Studies, Dr. Micheal Ayamga Adongo, has cautioned government to be careful in its financial and business dealings with the Chinese, saying, Ghana as a nation, has no proof of Economist Development Strategies to guide government, to invest the Chinese Loans and make significant gains to pay back.
Dr. Adongo is expressing fear that, China might end up pulling the Economic strings for a long time, and control Ghana’s economy in a way that suits its people, because of the Ghana’s inability to pay back whatever China will be investing in Ghana after the recent deliberations with President Nana Akufo Addo on his visit to China.
Following Presidents Akufo-Addo’s visit to the People’s Rublic of China, government has announced it has signed a total of eight Co-operation Agreements and Memorandum of understanding with the Chinese government, to be implemented in some sectors of both the Ghanaian and Chinese economies.
The signings, according to the government, are expected to improve on the two economies and deepen the existing business ties between Ghana and China. The MOUs cover agreements on Roads, Aviation and the Health Sectors as well as some infrastructural developments across the country.
But speaking on A1 Radio’s Day-break Upper East on Monday, Dr. Micheal Ayamga Adongo said if government will be sincere and invest in productive areas in Ghana’s economy to generate more revenues, then the citizenry will benefit from the Co-operation Agreements but anything else could cause the nation.
Source: A1Radioonline.com|101.1FM|Ghana
