Audio By Carbonatix
Parliament has approved a $360 million financing agreement between government and the World Bank's International Development Association (IDA) for the Second Resilient Recovery Development Policy Financing.
Deputy Finance Minister Thomas Nyarko Ampem presented the facility to the House on Tuesday.
The funding aims to improve citizens' livelihoods, accelerate economic growth, sustain macroeconomic stability, curb inflation, and restore economic growth.
The Finance Committee recommended approval of the facility, though the Minority voiced opposition during debates.
Ranking Member on the Committee on Economy and Development, Kojo Oppong Nkrumah, accused the government of using semantics to disguise what he characterized as a loan agreement.
The approval follows the Finance Committee's recommendation to adopt its report on the financing arrangement.
Latest Stories
-
Real Madrid stunned by second division Albacete in Copa del Rey
4 minutes -
Amateur stuns world’s best Jannik Sinner to win A$1m in Melbourne
23 minutes -
FBI searches home of Washington Post reporter in classified documents probe
54 minutes -
Trump administration pauses immigrant visa processing for 75 countries
55 minutes -
UK–Ghana crack down on immigration crime as fugitive smuggler jailed
1 hour -
Ghana’s Benjamin Arhin shines on Internacional debut with Man of the Match display
1 hour -
Stanbic Bank Ghana maintain top rank in Customer Experience Leadership in 2025 KPMG Assessment
1 hour -
Newmont-backed AI smart lab powers Kona D/A students to victory at Ghana Robotics Competition
2 hours -
Venezuelan acting president says hundreds of prisoners have been released since December
2 hours -
Nilex Suites holds first open house ahead of official launch
2 hours -
We’re far from Ofori-Atta’s extradition – Frank Davies responds to Ablakwa
2 hours -
Judicial Service, Finance Ministry summoned ahead of JUSAG strike
3 hours -
Takoradi Port to receive largest bulk carrier ever to berth in West Africa
3 hours -
Mane hits winner as Senegal end Salah’s Afcon bid
3 hours -
NLC summons Finance ministry, Judicial service over JUSAG’s 8-month salary arrears
4 hours