Parliament approves $250m World Bank loan to support energy sector

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The Parliament has approved a $250 million loan agreement from the World Bank to support the country’s energy sector.

This loan was initially resisted by the Minority in the House ahead of the recess.

The proponents explained that is intended to aid reforms under the Ghana Energy Sector Recovery Programme.

Despite being on recess, the Majority petitioned the Speaker to reconvene the House for two emergency sittings to address urgent government business.

At today’s sitting, the Minority raised concerns over a $90 million consultancy fee included in the loan agreement.

The NDC MPs argued that the fee was excessively high and required thorough scrutiny before being approved by the House.

However, the Majority in Parliament advocated for the approval of the funds.

They claimed it was a pressing matter that demanded immediate attention to address the energy sector’s problems.

 

Source: Myjoyonline.com


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Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

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