{"id":65372,"date":"2014-11-16T05:45:24","date_gmt":"2014-11-16T05:45:24","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=65372"},"modified":"2014-11-15T20:35:52","modified_gmt":"2014-11-15T20:35:52","slug":"stop-undermining-gnpcs-credibility-ayariga-warns","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/11\/stop-undermining-gnpcs-credibility-ayariga-warns\/","title":{"rendered":"Stop undermining GNPC’s credibility – Ayariga warns"},"content":{"rendered":"
The Minister of Youth and Sports, Mahama Ayariga has expressed concerns that the Ghana National Petroleum Corporation (GNPC) could lose or pay higher interest on the $700 million loan facility it is seeking due to allegations of sidestepping Parliament.<\/p>\n
He said the Deutshe Bank of Germany is likely to reconsider its decision to approve the loan because they will \u201cbegin to feel that maybe they are engaging in unnecessary risk.\u201d<\/p>\n
[contextly_sidebar id=”PC1zocU8toMd45E5moBk8z56IguckPkj”]Legal practitioner Gabby Asare Otchere-Darko,\u00a0revealed attempts by the GNPC<\/strong><\/span><\/a>\u00a0to secure the loan facility without Parliamentary approval which he said was illegal.<\/p>\n He further alleged that the Corporation was acquiring the loan on behalf of government without Parliamentary scrutiny.<\/p>\n