The Finance Committee is set to propose to Parliament the approval of a $250 million loan designed to strengthen the financial sector.
Committee Chairman Patrick Boamah stated that, this recommendation comes as a result of a majority vote.
The World Bank facility is intended to mitigate the effects of the country’s Domestic Debt Exchange Programme (DDEP) on banks and financial institutions.
The Minority has called for the creation of a fund to oversee the management of these funds.
In a briefing with journalists at Parliament, Patrick Boamah explained that, the Majority did not support this request, leading to the recommendation for approval by majority decision.
Play attached audio:
READ ALSO:
