'Govt Just Bragging And Building Castles In The Air' – Namoale On $600m Cocoa Money
Former Member of Parliament (MP) for La Dadekotopon constituency, Nii Amasah Namoale is wondering why President Akufo-Addo is 'bragging' about a $600m facility when he has not yet received it.
The government has secured a $600 million stimulus package from the African Development Bank (AfDB) to revamp the cocoa sub-sector over the next seven years, starting next year.
The package is aimed at increasing cocoa production by introducing modern techniques and technology and shift away from the annual syndication of loans as capital investment.
Speaking to this on UTV's 'Adekye Nsroma' programme, Namoale said the President should have waited for the money to come before making it known.
"What did they do with the $2 billion syndicated loan . . . as for this $600m it’s an intent; the money is not yet in so why are you bragging; building castles in the air? The money is not yet in so why brag about it? To me, it’s an intent . . .” he said.
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