Parliament approves $250m loan agreement for Energy Sector Recovery Programme

Parliament has adopted the report of the Finance Committee on the financing agreement between the government of Ghana and the International Development Association for the energy sector recovery programme.

The 250 million dollar loan was adopted after debate on the floor of parliament on September 3.

On September 2, Parliament could not agree on the finance committee report on the 250 million dollars financing agreement between Ghana government and the International Development Association for the energy sector recovery programme.

The Minority side complained they had not been engaged on the new development concerning the loan agreement, compelling the Speaker, Alban Bagbin to refer the matter to the finance committee for consideration and report.

It’s one of the reasons Members of Parliament were recalled from recess, but an agreement could not be reached when the item was discussed.

Ranking Member of the Finance Committee, Isaac Adongo said no engagement took place and asked that the ‘’decision taken by the house should stand’’.

Ranking Member of the Energy Committee, John Jinapor, said the matter has to be corrected.

The Speaker had to refer the matter to the Finance Committee for consideration and report to the house on September 4, even though the Majority Leader, Alexander Afenyo-Markin wanted the committee to meet and report back to the house on the same day.