Watch out for agreements with China – US economist warns Ghana

General News of Monday, July 15, 2019

Source: starrfm.com.gh

2019-07-15

Professor Brian Dwight Baugus, an American economist, urged Ghana to be vigilant when signing agreements with China.

According to him, although Ghana is better placed to sign agreements with China than with other African countries, some of these agreements with China have become a handicap, adding that it is imperative that the government exercise due diligence in signing agreements with China.

Professor Baugus made these comments in an interview with Starr News on the sidelines of the National Dialogue on Ghana Beyond Aid organized by the Institute for Freedom and Innovation. policies (ILAPI) in Koforidua.

"The Chinese presence here, they work mainly with your government and a lot of prosperity, a lot of money that they bring does not get into the lower ranks and so … where is that money and what are they spending or investing in? -they? in companies, I see some of them, but most of them seem to be government-to-government activities, so that they can have access to the resources that they want .

"They give money to your government to cover something they might have done or would not want to do or, in some cases, in other countries, it's almost like a pot of money. personal wine.

"It's probably not going to do a lot of good for people when it comes to developing their business, growing their prosperity, developing their business [is concerned]. "

The US economist added that no country can develop with help but by trade and production. For Ghana beyond aid, Ghana has to trade, import products whose production is expensive for one country and export cheaper products to other countries. produce while strengthening human resources and creating a favorable environment for citizens to innovate.