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
-
PURC, ECG and GRIDCo align plans to ensure stable power supply during 2026 FIFA World Cup
40 minutes -
Ghana launches National Shea Commodity Platform to commercialise shea production
52 minutes -
Bawumia holds talks with British High Commissioner in Accra
55 minutes -
AFF study documents 115 edible forest species and indigenous knowledge in biodiversity hotspot
56 minutes -
MPs partner with Afarinick to boost Ghana’s cocoa production capacity
1 hour -
Where are the jobs?- Sammy Awuku questions government
1 hour -
Ghana needs effective solutions to rising unemployment, not slogans – Oppong Nkrumah
1 hour -
Oppong Nkrumah calls for overhaul of Ghana’s youth employment strategy
1 hour -
Minnesota attacker pleads guilty in killing of lawmaker and husband, avoids death penalty
1 hour -
When does personal conduct become institutional responsibility? The GES debate explained
2 hours -
Scientific consensus calls for wildlife protection to be integrated into global climate change policy
2 hours -
Seequent turning old data into the new mining edge
2 hours -
NPA receives ultra-modern tanker drivers’ rest stop at BOST Kumasi depot
2 hours -
Toronto police officer dies in raid linked to US consulate shooting
2 hours -
Black Sherif and how to listen to Ghanaian pop
2 hours