In an emergency sitting, Parliament has approved a total of $710 million for 7 loan agreements. The facilities include COVID-19 Emergency Preparedness and Response Project, West Africa Food Systems Resilience Programme, establishment of Development Bank of Ghana, Medical Equipment Provision Project in response to Covid-19, Primary Healthcare Investment Project, Public Financial Management for Service Delivery Programme and Ghana Digital Acceleration Project.
The Ghanaian Parliament has approved a total of $710 million in an emergency sitting for 7 loan agreements. 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 €170 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, US$150 million to finance Public Financial Management for Service Delivery Programme and US$200 million to finance the Ghana Digital Acceleration Project.
The minority side argued against the facilities explaining the government should not be borrowing in this critical time of economic crisis occasioned by reckless borrowing. The majority however explained the facilities are all targeted at specific projects and thus must be supported
