Sign in
Download Opera News App



Minority opposes governments request for three loans totaling $500 million.

The administration sought legislative approval for three credit arrangements totaling $500 million, but the minority in parliament objected.

Included in this are the requests for the Ghana Digital Acceleration Project ($200 million in funding), the Primary Health Care Program ($150 million), and the Public Finance Management for Service Delivery Program ($150 million).

A member of the Finance Committee,Thomas Nyarko Ampem, told reporters following the committee's meeting in Parliament that approving the loan will only make the nation's financial situation worse.

We are unable to support more loan approvals because we think that when you're in a hole, you don't keep digging. One of the loans they are asking is to help with the ongoing GIFMIS project. Critical analysis reveals that the majority of them are entering consulting and other fields. We are unable to clearly comprehend how these money will improve upon what we already have.

Ursula Owusu-Ekuful, the Minister of Communications and Digitalization, indicated that the Minority will be further engaged in order to have them rethink their choice.

"It's already been authorized by the World Bank board. They are eager and prepared to lend us this money, but we are unable to do so without parliamentary consent.

Although the Minority has decided that they would not approve any loans put before the Finance Committee, she urged them to reconsider their stance and said that they will continue to be engaged with. "In my intervention before the committee, I underlined that, although we are facing economic troubles, digital technology offers us with a ladder to climb out of the difficulties we now face," she stated.

Content created and supplied by: OPOKUTV (via Opera News )

Finance Committee Ghana Digital Acceleration Public Finance Management for Service Delivery Program Thomas Nyarko Ampem Ursula Owusu-Ekuful


Load app to read more comments