Hon. Agyare Koi Larbi, NPP MP for Akropong has stated emphatically that the credibility of his government ha shit its lowest ebb as a result of the CNT loan saga.

In a candid interview on Joy FM super morning show, the MP who is a member of the finance committee of Parliament admitted that Government has lost credibility especially coming after the IFC loan debacle. Admitting some measure of personal responsibility, Hon. Koi Larbi explained that the Finance Committee failed to do a thorough crosschecking because the committee had taken it for granted that the IFC saga had thought officials of the ministry of finance the need to do a thorough due diligence before submitting loan agreements to parliament.

?I am more than embarrassed about the revelations that have come out since we hastily approved the loan, Hon Koi Larbi said, he also stated that explanations so far given by his government have been very unsatisfactory. He wondered why the finance minister should always bring such dubious loan agreement before house.

The MP explained that the loan was to have been rushed through Parliament on the last day of the session that just passed against the protestations of many of them who felt that it should be deferred to the following parliamentary session. The only reason why it was not passed that day was that there was power outage, which compelled the speaker to put it off until the time the house was called to extend the state of emergency in Yendi.

Hon. Koi Larbi admitted also that given the previous experience with the IFC loan, the undue haste should have been made the finance committee members to be more wary, but they failed to perform their task because of assurances given them by the chairman of the committee that all necessary checks had been done. On the issue of the possible bribery of member so of the finance committee, the MP said he could only speak for himself.

However declared that Hon. Moses Asaga as minority spokesman on finance (who is under lots of fire from members of his own NDC party) has questions to answer to why he could proper crosschecking of the loan agreement.