{"id":17004,"date":"2024-07-29T21:48:12","date_gmt":"2024-07-29T21:48:12","guid":{"rendered":"https:\/\/expressnewsghana.com\/?p=17004"},"modified":"2024-07-29T21:48:12","modified_gmt":"2024-07-29T21:48:12","slug":"govt-to-inject-250-million-world-bank-loan-for-financial-sector-recovery-patrick-boamah","status":"publish","type":"post","link":"https:\/\/expressnewsghana.com\/?p=17004","title":{"rendered":"Govt to Inject $250 Million World Bank Loan for Financial Sector Recovery &#8211; Patrick Boamah"},"content":{"rendered":"<p><strong>Mr. Patrick Boamah, Chairman of the Finance Committee of Parliament, announced that the committee&#8217;s majority members have recommended the approval of a $250 million World Bank loan aimed at strengthening Ghana\u2019s financial sector.<\/strong><\/p>\n<p>Boamah stated that this decision is to secure the World Bank facility to mitigate financial sector challenges, particularly those resulting from the Domestic Debt Exchange Programme (DDEP) impacting banks and financial institutions.<\/p>\n<p>This initiative is part of broader efforts to stabilize and support the financial sector amid ongoing economic difficulties.<\/p>\n<p>The Minority in Parliament, however, has called for the creation of a dedicated fund to supervise and manage these funds effectively.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-2833\" src=\"https:\/\/expressnewsghana.com\/wp-content\/uploads\/2021\/12\/parliament-1.jpg\" alt=\"\" width=\"600\" height=\"399\" srcset=\"https:\/\/expressnewsghana.com\/wp-content\/uploads\/2021\/12\/parliament-1.jpg 600w, https:\/\/expressnewsghana.com\/wp-content\/uploads\/2021\/12\/parliament-1-300x200.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>But speaking at a press briefing in Parliament on Monday, July 29, 2024, Boamah noted that the Majority did not support the Minority\u2019s proposal, thus the recommendation reflects the prevailing majority consensus.<\/p>\n<p>The anticipated approval of the loan underscores the government\u2019s commitment to addressing financial sector issues.<\/p>\n<p>The forthcoming parliamentary debate is expected to focus on the specifics of the loan\u2019s implementation and its broader impact on the country\u2019s financial stability.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>For more news stories and articles, contact EXPRESSNEWSGHANA via email at expressnewsgh@gmail.com or WhatsApp at +233 0543 900 732.<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Source: Felix Nyaaba \/\/ expressnewsghana.com<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mr. Patrick Boamah, Chairman of the Finance Committee of Parliament, announced that the committee&#8217;s majority members have recommended the approval of a $250 million World [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17005,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[3905],"class_list":["post-17004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-parliamentary","tag-finance-committee-loan-banking"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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