- Parliament has approved a $250 million loan agreement from the World Bank
- This is to support Ghana's Energy Sector Recovery Programme
- The Majority argued that the recovery program is crucial
After a heated debate and initial opposition from the Minority, Parliament has approved a $250 million loan agreement from the World Bank to support Ghana’s Energy Sector Recovery Programme.
This facility was a key reason for the emergency recall of Parliament from its recess.
The loan aims to stabilize and revitalize the country’s energy sector, addressing financial challenges and ensuring a reliable electricity supply.
While the Minority raised concerns about a $90 million consultancy fee within the agreement, the Majority emphasized the urgent need for funds to resolve critical energy issues.
The Majority argued that the recovery program is crucial for sustaining energy supply, reducing debt, and promoting economic growth.
