Govt’s intention to mortgage gas reserve not best - Kojo Poku


Energy expert, Kojo Poku says government’s intention to mortgage Ghana’s gas reserve with China for any Chinese loan is unjustifiable.

The New Patriotic Celebration in a press conference earlier this week alleged that government has taken a choice to mortgage its gas reserve with china.

The move in accordance with the celebration will be to lure China Improvement Bank to reactivate the remaining two billion dollar Chinese loan.

Acting Minister of Power who doubles because the Finance Minister, Seth Terkper, has confirmed government’s intention to mortgage it for any period of 19 years beginning in the year 2018.

But Kojo Poku says government could wait to utilize her natural sources to achieve what it desires as an alternative to mortgaging it.

He wondered why government will think about mortgaging a essential resource like gas. “Why do they ought to mortgage our gas reserve to have the cash now to perform what? Definitely something that you mortgage is discounted as well as the discount is heavily. So what's the rush to get the cash that we can not wait to make use of our own sources for the betterment of Ghana?”

He added, “The only purpose you might desire to mortgage one thing is simply because that you are in need of money”. “…Is the same factor that we did with our oil reserve.

Most of our oil reserve that we are bringing out now, part of it was applied to obtain the loan for the gas plant. If we keep carrying out that the threat involved in mortgaging our reserve is that it truly is heavily discounted,” he noted.

5 comments:

  1. Your writers are extremely fantastic that have made easy to understand everything for us.
    Wixsite

    ReplyDelete
  2. In the process of this loan's movement, a definite relations are formed between a creditor (the loan is given by a juridical of physical person, who gives certain cash as a debt) and the debtor. Ātrie kredīti

    ReplyDelete
  3. I have always enjoyed working with www.mortgage-advice-online.org because of its tremendous speed in calculating my yearly interest and loan payment.

    ReplyDelete
  4. A mortgage where there isn't any need to demonstrate your wage through distributed records. Regularly taken independent from anyone else utilized.Mortgages

    ReplyDelete
  5. Before do, you have to decide if renegotiating your mortgage merits the potential expenses, or perhaps if arrangements may unrivaled meet your inclinations. mortgage broker

    ReplyDelete