Ghana asked to join Asian Investment Bank

InvestmentDr Daniel N. Kotei, a retired Diplomat has asked Ghana to join the Asian Investment Bank (AIB), which by all indications seems to be better than the International Monetary Fund (IMF).

He said in a statement issued on Thursday that the IMF usually starves Ghanaians before a loan is given by imposing austerity measures.

Dr Kotei, also an International Relations Analyst noted that so far Britain, Sweden, Portugal, Sweden and Saudi Arabia are among the 52 countries, which have applied to join the AIB.

He said Ghana needs the AIB to be able to repair the Akosombo Dam, complete the Bui Dam project and construct a new dam at Yapei in the Northern Region.

This, he, said would help reverse the frequent power shortages, which has hit the country for the past 30 years.

“This should not be allowed to continue forever,” he said.

Source: GNA

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