NDC is bent on selling our future to the Korean STX conglomerate by mortgaging our oil revenue as a guarantee to secure loans for STX ship building company WHOSE EXPERIENCE IN HOMEBUILDING is not impressive and putative and it had closed its mind to listen to anybody in Ghana because it has a vested interest this contract, it is doing all it can to see that, it goes through.

In any contract negotiations, the two parties is assumed to benefit by bringing something to the table, what is Korea STX bringing to the table? EXPERTISE? They are not bringing any financing because the government of Ghana is guaranteeing the 10 billion dollars loan with our oil revenue for the next twenty years. Can't we guarantee this loan for our local companies to undertake this project? We are giving STX free land, tax free material purchases that is coming from Korea and 100% repatriation of its profit.

STX is also going to bring a lot of unemployed Koreans, both Professionals and casual laborers to undertake this project depriving Ghanaians thousands of jobs that could have helped to reduce our unemployment figures. The Koreans have appropriated to themselves 40% of all jobs going to be created by this project.

One has to ask himself or herself, why is the Korean government so interested in trying to secure this project for a private STX company that is cash strapped? This is because this contract helps the Korean economy more than it does for our economy. We've seen the Vice President of Korea and other government officials from Korea trouping in and out of Ghana meeting NDC officials to 'consumate' this contract before Parliament even debate on it.

If the government of Ghana has to pledge 10 billion dollars to secure a loan for a Korean company that is going to buy 100% of the materials needed to do this project without paying any tax and then repatriate 100% of its income back to Korea without being taxed, then why is the goverment not using its oil clout to secure this loan for local real estate companies to undertake this project instead of the Korean STX? Are the Koreans better in building houses for Ghanaians than our own real estate companies?

What is in this contract for NDC that the government is not listening to the electorate? This contract is going to be approved by the majority NDC members in Parliament and the only option left for Ghanaians is to have a massive demonstration against this contract and the opposition members in Parliament boycotting Parliament to deny NDC the quorum needed to debate on this contract.

Justice Sarpong

Houston, Texas.