Ghanaian Chronicle (Accra)
16 April 2008
By Sebastian R. Freiku
Kumasi
The Executive Director of Wassa Association of Communities Affected by Mines (WACAM), Mr. Owusu Koranteng, has cautioned the government against what he described as “Oil back loan”- the tendency of resorting to external borrowing with the purpose of paying with Oil.
He has further called on the government to take a critical look at the negotiation terms with foreign partners in order to develop the capacity to manage and allocate windfall profits that may be accrued from the mineral resources. Continue Reading »