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Business News Mon, 3 Sep 2018

100-year $50bn bond worrying – Economist

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Comment: The funds will be misuse

Author:
KB
Date:
2018-09-03 18:10:30
Comment to:
100-year $50bn bond worrying – Economist

It is a noble idea but not at this time, because;
1. There are no systems to check the overpricing of contracts.
eg. a hospital project costing Usd16m in other part of the world will cost over Usd100m in Ghana.

Therefore if there is no standard for contract values, This Usd50b will end up in the Politian and civil servants pockets and create a debt albatross for our children.

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KB on Sep 3, 18:10
The funds will be misuse