Ghana news briefing
Parliament approves $500m facility...To improve rural road infrastructure
Standing up to World Bank The Minister of Roads and Highways, Governs Kwame Agbodza, told the House that it would be the first time that a government taking a facility would use 98 per cent of it for “the label we put on the loan”.
PARLIAMENT has approved a $500 million credit facility agreement to finance the rural road infrastructure under the Ghana Market Access and Connectivity Project (GMACP).
He informed the House that when he first interacted with the World Bank on the loan, the bank said it would only grant $400 million, with a chunk of it going to be used for consultancy by consultants outside of Ghana.
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