I am much concerned about how politicians make the good citizens of Ghana confused. With keen interest, I have followed the rebuttals of the incumbent government’s economic representatives on the $15 billion loan from China after the return of Dr. Mahamudu Bawumia (the vice president of Ghana) from Beijing with the opposition party. The fey of these two giant political rivals have a ripple effect of gross misunderstandings. I will take the pain to free the many from the fetter of ignorance on this loan from the Chinese. Government’s fiduciary duty to its citizens is currently murky to many. The opposition party somehow do not want to tell the truth and the present government is getting confused about the $15 billion Chinese loan.
The Chinese neither give concessional or non-concessional loans to Africa but that of resource –backed loans. To eschew further ambiguity of the subject matter, concessional loans are loans with little or no interest. This kind of loans are given to low income countries under the Poverty Reduction Facility and the opposite is concessional loans with high interest. Resource-backed loans or commodity-backed loans involve the use of the natural resources (gold, bauxite, oil, manganese etc.) as collateral. Angola was the first African country to secure a resource-backed loan with its oil and gas resources to build new infrastructure after the war in the 1990s. What Dr. Bawumia went for is a resource-backed loan in a form of partnership.
DR. MAHAMUDU BAWUMIA’S “LOAN’’
"The role of journalists in a free society and holding government accountable"
By McAnthony Dagyenga
In very early days of May 2003, the Deputy Secretary-General of the Panel of International Journalists, Louise Frechette remarked that a free and independent press is the lifeblood of strong, functioning societies and a lifeline to progress itself; he further stated that unless ideas and information could travel freely, both within frontiers and across them, peace would remain elusive and where censorship was imposed, both democracy and development were the losers.
Frechettes assertion suggests that a society without a free press or journalists cannot be described as free and as such cannot hold its government accountable. Meanwhile, a democracy without accountability is like concrete without cement, the reason the role of journalists in a free society cannot be understated.
The Institute for Liberty and Policy Innovation (ILAPI-Ghana), a free market and an educational policy think tank has engaged journalists on the ideas of economic freedom, libertarianism, property rights, entrepreneurship and government accountability.
ILAPI-Ghana’s new project, African Journalist for Liberty (AJL), brought together 27 selected journalists from different media outlets in Ghana to educate them on the principles of liberty and economic freedom; this is to help them make use of such elements in their reportage on the theme: Diffusing Economic Freedom through Journalism, on 6th May 2017. Journalists have little or no knowledge on economic freedom and how they can be used to promote a free society through their content development.
for Liberty was launch by the Executive Director of ILAPI – Mr. Peter Bismark
Kwofie, who set the mood, saying “Journalism, the fourth arm of government
and the driving force of information, has the biggest role to play to ensuring
free and fair distribution of wealth but not that of the state’s welfare system
in Germany, in 19th century, and now being ploughed in Africa.
Journalists must not attack government but to disarm and assist to