Gov't should consider domestic financing for STX deal - Ofori Atta

The Parliamentary Joint Committee on Water Resources, Works and Housing and Finance could later today Friday, July 30 lay before the house, the revised agreement for consideration after its final deliberations on the deal.

Ahead of this, the Executive Chairman of DATABANK GROUP, Ken Ofori Atta has told CITI FM that a local consortium of banks would be in a position to raise at least the projects’ initial 1.5 billion dollars and should be given that opportunity by government. 

“When you look at any project, the truth of the matter is that you may not be able to build more than 20 thousands houses in a year and so even if that was 50,000 dollars per house, we are talking about 100 million dollars, so in transit of 100 million dollars, you certainly can put together local consortium to be able to do that so the 1.5billion dollars for me is quiet a mirage because are you going to really need all of that once? You wont and more importantly beyond the fact that that is certainly too much money to be going for and that you really do not need all of that money immediately.” He said.

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Marketer BERNARD DODJI ABOUDOU (41.204.58.xxx) 2010-07-31 10:43:46 let's us consider the pro and cons b4 carrying out the whole transactons. let's us also give job to the local entrepreneurs. Reply 0 0

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