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World Bank loan is cover to loot – Minority

July 8, 2014
Reading Time: 1 min read
Apathetic parliamentarians dangerous to Ghana – Sydney Casley Hayford
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The Minority in Parliament says Government is employing what it considers a dishonest strategy to siphon more money from the national coffers.

According to the party, government will use the $ 156 million loan facility for the Ghana Education Improvement Programme as another cover to embezzle funds.

Speaking at a Press Conference to clarify the NPP’s stance on the issue, the MP for Dormaa-West, Kwaku Agyemang-Manu says government’s insistence on creating a new body to disburse the scholarship component of the loan facility is just a ploy to loot the nation’s resources.

He stated that about 40 percent of the loan facility will go to supervising consultants.

He questioned why the Ministry of Education could not monitor and supervise the provision of educational infrastrure under the project.

“Is this the way to build the capacity of educational institutions? Obviously no, it is all a dishonest strategy to create avenues to siphon public funds.”

He therefore urged “the World Bank to reconsider the project and bring good governance consideration to bare.”

Background

The World Bank has granted the government of Ghana a $156 million loan facility to develop the nation’s educational sector.

The loan among others will support government’s Community Day Senior High School program, provide scholarship for students in deprived communities, fund the construction of Senior High Schools and provide free sanitary pads to young girls at the SHS level.

The loan facility has however generated public outcry with many questioning how government plans to sustain some components.

A Senior Education Specialist has however defended the project saying it will be results based.

 

By: Marian Efe Ansah/ciifmonline.com/Ghana

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