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
-
Luv Fm High School Debate: KNUST SHS and Osei Adutwum SHS set up thrilling final after dramatic semi-finals
6 minutes -
KNUST AI Coordinator urges structured adoption of AI in teacher education
20 minutes -
Nepal rescuers blast hillside in search of hydropower workers as families wait anxiously
37 minutes -
Teachers who pass promotional exam to get January 2026 start date after gov’t resolves promotion dispute – Apaak
39 minutes -
NSMQ 2026: St. John’s School rally from slow start to book semi-final spot
40 minutes -
Promotion pay row: Gov’t gives teachers September to complete salary adjustments
51 minutes -
Financial irregularities plummet by 62.9% as state tightens fiscal controls
52 minutes -
DVLA to expand mobile services to underserved communities in Ghana’s Eastern Corridor of the Northern Region
1 hour -
GUTA urges GPHA to act swiftly to end Tema Port congestion to avert rising business costs
1 hour -
Port congestion could undermine 24-hour economy policy – GUTA
1 hour -
NSA opens three-day window to resolve national service biodata mismatches
1 hour -
Abu Jinapor highlights increased gold exports after Domestic Gold Purchase Programme
1 hour -
NPP UK branch calls for independent audit into gold purchasing operations and parliamentary probe
2 hours -
Zanetor Agyeman-Rawlings pledges decisive action on climate change, galamsey and environmental degradation
2 hours -
Bawumia was brainchild behind Domestic Gold Purchase Programme – Samuel Jinapor
2 hours