Ofori-Atta presents $28m loan agreement for MPs to buy cars

The Minister for Finance, Mr. Ken Ofori-Atta, has tabled a loan agreement for $28 million to Parliament for the purchase of 275 vehicles for members of the 8th Parliament.

The loan is expected to be sourced from the National Investment Bank (NIB).

The Finance Committee of the House is expected to consider the loan agreement and report to the house.

Meanwhile, Parliament has approved an amount of $200 million as additional financing for the Ghana COVID-19 Emergency Preparedness and Response Project.

The Financing Agreement is between the government of Ghana (represented by the Ministry of Finance) and the International Development Association (IDA).

The purpose of the additional financing will enable the government to fund the procurement of vaccines to inoculate about 7.6 million people.

Among other interventions, the financing would provide improved access to affordable and equitable COVID-19 vaccines, strengthen the system for effective deployment as well as enhance preparedness and response to the COVID-19 pandemic.

Presenting the Finance Committee’s report, the Chairman, Mr. Kwaku Kwarteng, said approval of the facility will enable the government to prevent, detect and respond to the threat posed by COVID-19 and strengthen national systems for public health preparedness in Ghana.

As to how much each dose is expected to cost, Mr. Kwarteng said the Committee was informed that each dose of the vaccine is estimated to cost an average of $10.55.


























































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