Linkage Between “IFC” and US$300 million loan

?Investigators are piecing together pieces of information that suggest strongly that there could be a linkage between the aborted ?IFC? US$1 billion of 2002 and the current US$300 million loan recently approved by Parliament.

There is also a very strong scent of A South African connection, though the connection is to South Africans of Chinese origin than of Afrikaner or black South Africans. Certainly the chronology of events and the speed, with which the whole ?deal? was set up as detailed below makes the CNT loan very, very suspect. Then there is what appears to have been a slip in the summary of the Feasibility Study on the Garment Village Project that was submitted alongside the Loan Agreement to the Finance Committee of Parliament where reference is made to a ?Chinese-South African Friendship Industrial Development (PTY) Ltd, the only time in the entire Loan documentation that reference is made to this entity.

Source: GhanaWeb

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