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PARLIAMENT OF GHANA APPROVES 7 DIFFERENT LOAN AGREEMENTS TOTALLING $710 MILLION

Parliament has approved seven loans including a $200m loan facility from the World Bank.

According to Pulsegh, the $200 million is expected to finance the Ghana Digital Acceleration Project.

The rest of the facilities are a US$60.6 million as a third additional financing for the Ghana Covid-19 Emergency Preparedness and Response Project, US$150 million to finance the West Africa Food Systems Resilience Programme, and €EU170 million for the establishment of the Development Bank of Ghana.

The rest are a US$30 million facility to finance the Medical Equipment Provision Project in response to Covid-19, US$150 million to finance Primary Healthcare Investment Project, and US$150 million to finance Public Financial Management for Service Delivery Programme.

The legislators were summoned from the Easter break purposely to approve these loan facilities.

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