John Mahama opposes the NPP’s intention to collateralise the heritage fund to secure a $2Billion loan.

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John Mahama Opposes Npp’s intention to collateralize the heritage fund

Former president of Ghana, John Mahama has said that he together with the NDC remains solid in their decision to oppose the Agyapa ROyalties Deal.

Ex-president Mahama said in a Facebook post that the NDC will oppose vigorously the government’s intention to use the heritage fund as collateral to raise $2 Billion from a consortium of banks.

He demanded the Nana Addo led administration clarify these reports.

He ended by emphasising that it was wrong for the government to collateralize every single source of revenue just to finance present needs.

John Mahama’s comments come after the finance minister under the Nana Addo-led administration appealed that the shady Agyapa deal is reconsidered instead of it being abandoned.

Ken Ofori Atta claimed that pushing the Agyapa deal through the appropriate process will reduce Ghana’s debt exposure. The finance minister while speaking at the African Development Bank’s 2022 Annual General Meeting on Thursday said that the deal is a good one without question.

Read Also: Demand for NDC membership is higher, a sign that Ghanaians want change. – NDC lawyer.

The deal which has sparked a lot of controversies has got a lot of Ghanaians talking. The Vice President at IMANI Ghana called it ‘unconscionable’ and ‘unpatriotic’ in a discussion o the Newsfile.

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