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Finance Minister, Ken Ofori-Atta Presents 28 Million US Dollars for the Purchase of New V8s for MPs

The government, led by the finance minister (Ken Ofori Atta), has received a loan for 28 million US dollars to relieve the obligation of Members of Parliament (MPs) in terms of mobility. As a result, each of the 275 Members of Parliament (MPS) will earn 100,000 US dollars to purchase a vehicle. The said money will be provided by the National Investment Bank (NIB) as a loan.

The financial sourcing and allocation have sparked debate among some of the country's inhabitants, as concerns have been made that parliament recently (July 6, 2021) authorized a request for a loan from the World Bank in the sum of 200 million US dollars to aid in the fight against the COVID-19 pandemic. Following that, findings from the House (parliament) finance committee revealed that roughly 137.15 million US dollars would be required to make COVID-19 vaccines available to a population of 7.6 million people.

Some Ghanaians also think the funds should be invested in purchasing made-in Ghana cars, instead of the foreign Toyota V8, to help improve the economic value of the Ghana cedis since the value of the cedi note keeps depreciating against the US dollar.

What are your thoughts on the issue?

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Ghanaians Ken Ofori Atta National Investment Bank US World Bank

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