You can’t take our monies away – Domelovo warns Sinohydro contractors

Must Read

ABC News Ghana is an investigative media house that focuses on politics, sports and the economy. Our work is thoroughly researched, balanced and fair. Our vision is to become the most preferred indigenous news brand for men in West Africa.

The Auditor General Daniel Domelovo has served notice is office will conduct value for money audit on all the project that will be constructed under the Sinohydro deal which was commissioned by the President on Wednesday.

He said once the projects start; his office will select some of the roads and conduct an audit to ascertain if the country is not being shortchanged.

“Once they start construction we will pick on a few of the roads and do it…value for money can also happen even after the project.

“I will like to send an admonishing to the contractors who will be doing the job, we don’t hate you but you can’t take our monies away,” he told the media in Accra Thursday.

President Akufo-Addo on Wednesday launched the $2 billion Government of Ghana – SinoHydro Master Project Support Agreement (MPSA), and also cut the sod for the construction of the Tamale Interchange, the first interchange in the northern sector of the country.

According to President Akufo-Addo, Ghana, through a barter arrangement, will have US$2 billion worth of priority infrastructure projects delivered across the country, in exchange for the delivery of Ghanaian manufactured aluminium products to Sinohydro.

The barter arrangement has, thus, necessitated the establishment of the Ghana Integrated Aluminium Development Corporation, a statutory public corporation, to oversee the development of the exploitation of the full value chain of the country’s bauxite resources.

This, the President explained, is to guarantee that Ghana has a vibrant aluminium industry, “and ensure that we live up to our end of the barter transaction. This innovative arrangement, the first of its kind on the continent, is not going to add to our country’s total debt stock.”


Submit your stories or articles to or Whatsapp them to +233 553620623

- Advertisement -


Latest News

Sergio Aguero makes Barcelona debut as Coutinho ends 11-month wait for goal

Sergio Aguero made his long-awaited Barcelona debut as Philippe Coutinho's first goal in almost a year helped secure victory...

More Articles Like This

%d bloggers like this: