Tag: $750 million loan agreement
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$750m Afreximbank loan received in full; $37m set aside for debt resolution – Gov’t
Deputy Finance Minister, John Kumah says government has received the full loan amount of $750 million from the African Export-Import Bank (Afreximbank). The disclaimer was issued after ranking member on the Finance Committee in Parliament, Cassiel Ato Forson made comments indicating the bank account of government had received only $713 from the total amount in…
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Parliament approves $750 million loan agreement with Afrexim Bank
Parliament has approved a $750 million loan agreement with the Afrexim Bank for funding infrastructure projects and budget support. This comes despite a last-minute attempt to arrest the motion on grounds of lack of a quorum. The loan is part of a $1 billion dollar facility, the government is seeking to shore up its reserves…