Parliament of Ghana has approved the $750m loan agreement intended to be used by the government to complete the infrastructural projects in the 2022 budget.
The loan was approved after the motion was presented to the House by the Chairman of the Finance Committee, Kwaku Kwarteng.
The said amount is part of the $1billion the government is seeking.
The remaining $250million didn’t have clarity hence, the Minority rejected it.
The Ranking Member on the roads and transport sector committee, Kwame Governs Agbodza, asked the Roads Ministry and Finance Minister to clearly analyze the details of the loan before the approval.
Sharing the Chairman of the Finance Committee, Mr. Kwarteng’s statement;
Mr. Speaker having carefully examined the agreement which forms part of government’s programme aimed at raising funds for infrastructural projects in the 2022 budget, I will accordingly urge this House to approve this facility in order that Ghanaians may reap the benefits the facility.
On their part, the Minority said;
We have noticed some projects being duplicated in the agreement. We do not believe this is right and we will not encourage it. We want some clarifications…
Mr Agbodza stated;
We only want to get things clearer. The information we have gathered so far is too limited.
Below are the projects that government plans to use $750m for;
- Suame Roads
- Sofoline interchange
- Flower pot interchange
- All African Games infrastructure
