Syno hydro deal cash peanut for our bauxite-NDC MP slams gov’t over poor negotiation skills


Former Deputy Minister for Lands and Natural Resources and Member of Parliament (MP) for Juaboso Constituency in the Western Region, Hon Kwabena Mintah Akandoh, has lambasted the ruling New Patriotic Party ((NPP) for failing to heed to good counsel before passing the syno hydro deal.

The MP who is the deputy spokesperson on mines and energy for the Minority said the ruling administration failed to value the bauxite in Ghana before signing the deal.

Parliament has approved the $2 billion bauxite-for-infrastructure barter arrangement between the government of Ghana and China’s Sinohydro Corporation.

This arrangement seeks to leverage a fraction of Ghana’s bauxite resources to address the country’s infrastructure challenges and will provide a wide variety of projects including hospitals, bridges, interchanges, roads, affordable housing, rural electrification, and many other projects in line with government’s development agenda.

After heated exchanges on Wednesday, 5 December 2018, the deal was finally approved to the dismay of the Minority in Parliament.

Majority Leader Osei Kyei-Mensah-Bonsu, had argued that the deal seeks to bring development to the doorstep of the ordinary Ghanaian.

But Mr Akandoh is of an opposing view.

Ghana he lamented would be cheated because the bauxite we are trading is far more than the money or loan we have taken.

He further slammed government for failing to listen to individuals who have kicked against the bauxite deal and stressed it is going to deplete our reserves and waste our natural resources for a peanut.

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