Skip to main content

Ghana will lose Atewa forest to China in Sinohydro deal

Kojo Yankah fears Ghana will lose Atewa forest to China in Sinohydro deal

Video Archive

Founder of the African University College of Communications (AUCC), Kojo Yankah, fears the Sinohydro agreement between Ghana and China may culminate in Ghana losing the entire Atewa forest to China. 

The former Minister who served under former President Jerry John Rawlings made this observation when he gave a keynote address at this year’s Institute of Public Relations (IPR) week launch in Accra Tuesday, September 18. 

Speaking on the theme “deriving value from values, a test for corporate governance” he expressed worry that Ghana may lose the entire forest to the Chinese. 

“It is not just the land, there will be a time when I’m sure there will be police guard in the area, no Ghanaian should enter there because it doesn’t belong to us. It is happening in other African countries, that’s where my concern is”, he said. 

Parliament approved a $2 billion Master Project Support Agreement (MPSA) between Ghana and Sinohydro Corporation Limited for the construction of priority infrastructure projects.


The deal, which government describes as “barter” will allow Sinohydro to improve infrastructure, especially roads, in rural Ghana while the government repays with refined bauxite. 

But the minority has raised concerns, claiming the transaction is a loan arrangement and has written to the International Monetary Fund (IMF) for clarity. 

In the ensuing controversy as to whether the trade of Ghana’s bauxite for $2 billion worth of infrastructure from the Chinese company, Sinohydro Corporation, amounts to a loan or barter trade, the Vice President, Dr. Bawumia intervened to provide clarity but the minority again rejected his explanation. 


Mr. Yankah noted he has no issues with the government wanting money for developmental projects but what is being traded for such money. According to him, the Atewa forest has a priceless value. 

“I have no problem with a government that wants money, my problem is with what you’re exchanging the money with. What we know is that Atewa forest has been preserved, we are told that the forest contains lots of bauxite, I’m even told by some other people who have knowledge of the area that it’s probably more that bauxite, it could be gold”, he noted. 

He further observed the current economic crisis of the country is as a result of a broken value system and called for the re-ignition of indigenous traditional values which were rooted in Ghanaians by their forefathers. 

He prescribed a “radical shift” as a remedy to what he described as “Ghanaians slavish mentality’ towards work”.


Popular posts from this blog

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…

Balochistan to establish first medical university

The Newspaper's Staff CorrespondentOctober 25, 2017QUETTA: The provincial cabinet on Tuesday approved the draft for establishing a medical university in Balochistan.Health minister Mir Rehmat Saleh Baloch made the announcement while speaking at a press conference after a cabinet meeting.“The cabinet has approved the draft of the medical university which would be presented in the current session of the Balochistan Assembly,” he said, adding with the assembly’s approval the Bolan Medical College would be converted into a medical university.Published in Dawn, October 25th, 2017

Germany’s Siemens sets up Belt and Road office in Beijing
Germany’s Siemens sets up Belt and Road office in Beijingby Janne Suokas Mar 23, 2018 15:20 TRADEINVESTMENTBELT AND ROAD INITIATIVEGerman industrial and engineering group Siemens will set up a Belt and Road office in Beijing. surberFlickrCC BY 2.0
German industrial and engineering group Siemens will set up an office in Beijing to boost international cooperation under China’s Belt and Road initiative, the company said on Friday.The move will help strengthen Siemens’ cooperation with Chinese and international companies and expand business opportunities brought about by the Belt and Road initiative, according to the company’s statement.The Belt and Road initiative is China’s ambitious project to boost trade and infrastructure investment in more than 65 countries along the ancient Silk Road trade routes from Asia to Europe and Africa.Siemens said it had already partnered with hundreds of Chinese companies in overse…