A $360 million financing deal for the Second Resilient Recovery Development Policy Financing between the government and the World Bank’s International Development Association (IDA) has been approved by parliament.
On Tuesday, Thomas Nyarko Ampem, the deputy finance minister, gave the House a tour of the facility.
Enhancing the standard of living for citizens, boosting economic growth, maintaining macroeconomic stability, reducing inflation, and reviving economic growth are the objectives of the funding.
During deliberations, the Minority expressed objection to the facility, but the Finance Committee recommended approval.
Kojo Oppong Nkrumah, the ranking member of the Committee on Economy and Development, charged that the administration was hiding what he described as a loan deal behind words.
The Finance Committee’s recommendation to adopt its report on the funding arrangement was followed by the approval.
KA
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