Parl approves $750 million loan agreement

Parliament has approved the $750million loan agreement that formed part of a $1 billion loan.

The government seeks to use the money to pay for infrastructure projects across the country as well as increase the reserve.

Rainbow Radio’s parliamentary correspondent Kuntu Blankson reported that the loan was approved today, Wednesday, July 20, 2022.

Meanwhile, the Minority has raised concerns over what is described as duplication of projects under the loan agreement.

The Ranking Member on the roads and transport committee Kwame Governs Agbodza has since asked the government to be clear on the issue.

“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. The real problem in the Eastern corridor is the Oti-Damongo session, which the Chinese have failed to deliver, and we are encouraging the Minister for Roads and Highways to terminate the contract and reward it.”

“If we have any resources, we should be setting aside some money for the new contractor to complete the session… We believe that the breakdown is not satisfactory. We are not necessarily opposed to the $750 million.

“We only want to get things clearer. The information we have gathered so far is too limited,” he said.


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