Former First Lady, Nana Konadu Agyeman Rawlings, on Monday said political interference halted Calf Cocoa International?s effort to create about 2,800 jobs for the unemployed youth.

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Appearing before the Judgement Debt Commission, in respect of a judgement debt paid to Calf Cocoa International in 2009, the former First Lady said government?s disturbance made the company to halt its activities, compelling a Chinese International Company to pull out of the agreement.

She said: ?the Chinese pulled out of the project because of too much politics.?

Nana Konadu said electricity and water facilities connected to the site were disconnected, leaving the place in a mess.

Nana Konadu told the commission that a concessionary loan was granted to the company by the Chinese government to go into cocoa processing for export, with 49 per cent shares going to the 31st December Women?s Movement, while the Chinese received 51 per cent.

She said the loan agreement set out how the funds were to be disbursed to the company by the Ghanaian government and the acquisition of land.

However, she said, the Ministry of Finance declined to give out the money to Calf Cocoa International to carry out its operations in 2003.

She said Calf Cocoa International then went to court to seek relief for the payment of the remaining undisbursed amount, damages and interest amounting to about GHC4.9 million.

Nana Konadu said the Judgement debt paid was now being used to fix the factory and get it back into shape because attempts made to secure loans for equipment was not forthcoming.

She also debunked reports that the judgement debt amount paid to the company was in dollars, saying: ?everything paid was in cedis?. GNA


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