Parliament Approves $200m Loan Facility From World Bank
Parliament has approved a loan agreement between the government and the World Bank for an amount of $200 million to finance the Ghana Digital Acceleration Project.
The project is to help the Government of Ghana increase access to broadband, enhance the efficiency and quality of selected digital public services, and strengthen the digital innovation ecosystem in Ghana to help create better jobs and economic opportunities.
The approved Ghana Digital Acceleration Project will support a regulatory shift to create an enabling environment for digital inclusion and innovation; streamline governance and delivery of public services; and facilitate smallholder engagement in data-driven digital agriculture.
The House also approved an amount of $150 million dollars for the financing of the West Africa Food System Resilience Programme phase 2 under the Multi-phase programmatic approach.
It further approved a loan agreement for an amount of $60.6 million as a third Additional Financing for the Ghana Covid-19 Emergency Preparedness and Response Project.
Parliament also approved an on-lending agreement between the government and the Development Bank Ghana for an amount of £170 million Euros to support the establishment of a financially sustainable development bank.
Part of the loan agreements approved is a $150 million dollar facility from the World Bank to finance the primary healthcare investment project and an amount of $150 million dollars to finance the Public Financial Management for Service Delivery Programme.
Source: JoyNews
