The Ghana Palaver says as predicted, the Japanese government has cancelled ‘road project’ loan agreements with Ghana as a result of the NPP government decision in declaring the country as Heavily Indebted Poor Country (HIPC).
The bombshell, according to the story, was thrown by Muto Kaban, a Senator and former Japanese Foreign Minister, who led a seven-member delegation to Ghana last week.
“This means that the Accra-Kumasi and Accra-Yamoransa road projects, among others, have been put on hold despite their economic importance to the country. Instead, a ‘serious’ exercise of ‘pot-hole filling’ and ‘patching up’ is being undertaken on these roads, in place of the expected first-class motorable ‘Apian Ways”, says the paper.
Kaban is said to have told the Kufuor administration point blank that Japan has stopped giving loans to Ghana because of the HIPC initiative, explaining that it is against his country’s laws to grant loans to countries, which have adopted that initiative, as a matter of principle.
He is however said to have promised some grants, upon which, the Palaver says President Kufuor is also promising to execute the projects.
The Ghana Palaver says as predicted, the Japanese government has cancelled ‘road project’ loan agreements with Ghana as a result of the NPP government decision in declaring the country as Heavily Indebted Poor Country (HIPC).
The bombshell, according to the story, was thrown by Muto Kaban, a Senator and former Japanese Foreign Minister, who led a seven-member delegation to Ghana last week.
“This means that the Accra-Kumasi and Accra-Yamoransa road projects, among others, have been put on hold despite their economic importance to the country. Instead, a ‘serious’ exercise of ‘pot-hole filling’ and ‘patching up’ is being undertaken on these roads, in place of the expected first-class motorable ‘Apian Ways”, says the paper.
Kaban is said to have told the Kufuor administration point blank that Japan has stopped giving loans to Ghana because of the HIPC initiative, explaining that it is against his country’s laws to grant loans to countries, which have adopted that initiative, as a matter of principle.
He is however said to have promised some grants, upon which, the Palaver says President Kufuor is also promising to execute the projects.
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