Parliament approves $200m World Bank loan to buy vaccines, strengthen health systems

Parliament approves $200m World Bank loan to buy vaccines, strengthen health systems

  • Parliament has approved a $200 million loan from the World Bank
  • The funds would be channeled towards the purchase of vaccines
  • It will also help strengthen the health systems in the country

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$200 million additional funding from the World Bank has been approved by parliament for Ghana’s COVID-19 response programme.

A Citinews report indicates that the funds would be channeled towards the purchase of vaccines and also to help strengthen the health systems in the country.

Before the approval, Minority Leader, Haruna Iddrisu said both the finance and health ministers had to answer as to why only 10 out of 16 regions will benefit from the projects outlined as part of the programme.

Parliament approves $200m World Bank loan to buy vaccines, strengthen health systems
Parliament approves $200m World Bank loan to buy vaccines, strengthen health systems
Source: Facebook
“... I am dissatisfied that it is only focusing on ten out of the 16 regions we have in Ghana, and my wish is to stand it down for the Ministers for Finance and Health to come and give us an indication how this will cover the six additional regions," he said.

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Ofori Atta presents $28m loan agreement to parliament to purchase cars for all 275 MPs

The government through President Nana Addo Dankwa Akufo-Addo has set a target to inoculate some 20 million Ghanaians against the COVID-19 disease.

The said target is to be achieved by the end of the year, but it does not look feasible at the moment due to the scarcity of the approved COVID-19 vaccines on the market.

$28 million for MP's cars

Meanwhile, the Minister for Finance, Ken Ofori-Atta, has tabled a loan agreement of $28 million to Parliament.

This loan agreement is for the purchase of 275 vehicles for members of the 8th Parliament of the fourth republic.

In a report filed by Citinews, in the papers presented to Parliament, the loan will be sourced from the National Investment Bank, NIB.

The report further indicated that each member of parliament is expected to receive over $100,000 for the purchase of a vehicle.

The Finance Committee of parliament is however, expected to consider the loan agreement and report to parliament.

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Father for all: Akufo-Addo offers to pay for surgery of conjoined twins

$70 million judgement debt

In other news, Ghana is facing another judgment debt of over 70 million dollars set to be paid to the West Africa Gas Limited (WAGL) following a London Court of Arbitration ruling.

According to a Starr News report, the court awarded against the government of Ghana a sum of US$ 68,584,623.37 with interest.

In its ruling, the court asked the Government of Ghana the pay the lump sum of over $68million including interests and other costs.

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Source: Yen

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