Minority questions Parliament decisions to approve $300m loan from World Bank

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A loan agreement of 300 million between the government of Ghana and the International Development Association IDA, parliament made the majority decision.

According to the government, the faculty is intended to aid the financing of the 2024 budget.

Dr. Cassiel  Ato Forson however rejected such faculty with the view that it would make an already dangerous debt issue in the country.

The previous Deputy Finance Minister however employed the government to withdraw the over 7 billion cedis in tax immunity to companies under the 1D1F program.

Mrs. Abena Osei-asare argued the claims of the minority’s immunity are insupportable because it is mainly to encourage industrial growth

Eric Opoku an official of the Food and Agriculture Committee however questions how a peanut of the sum could advantage given that the Akuffo administration has already forked billions from lenders but did nothing with it.

Minister for Trade and Industry K. T. Hammond questioned why the minority was linking the facility with tax exemptions.

Ranking member for the Finance Committee Isaac Adongo, in a surprising turn of events, shredded the tax exemption claims of his colleague MPs arguing the rejection of the $300 million facility from the World Bank is because the government failed to present the $3 billion IMF bailout agreement to parliament for ratification.

Minister for Finance Dr. Mohammed Amin Adams, however, assured the minority that their concerns would be addressed.

The assurances led to approval of the loan but through a voice vote with the majority carrying the day.