Parliament passes 7 loan deals totalling $710m in one fell swoop
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An image of Ghana's parliament
Ghana's parliament, in an emergency sitting on Tuesday, 2 May 2023, approved seven loan agreements totalling $710 million.
The loans passed include 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, US$150 million to finance Public Financial Management for Service Delivery Programme and US$200 million to finance the Ghana Digital Acceleration Project.
The US$200 million loan agreement is between the government of the West African gold-producer and the World Bank.
Speaker Alban Bagbin recalled the house for the emergency sitting from its Easter break.
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