The minority in Parliament says it would not support any further government borrowing until there is a clear roadmap from the Finance Ministry on how to get Ghana out of its current debt crisis.
Pursuant to that position, the minority members on the finance committee shot down 3 loan agreements totalling $500 million during today’s sitting of Parliament.
The $200 million facility and two other $150 million dollars are meant for digitalization, GIFMIS and some health infrastructure.
“We have taken a very simple position that looking at our debt situation, we’re unable to support further approvals for further loans because we believe that if you’re in a hole you don’t continue to dig further. We are waiting for the Finance Minister to give us a clear-cut to take us out of this debt situation; we need to know our debt sustainability plans otherwise we in the minority are clear that we’re unable to support any additional borrowings by this government.” he said.
But Communications Minister Ursula Owusu-Ekkuful has expressed optimism that further engagements will convince the NDC MPs to support the approval of the loans given what the facilities are meant for.
“I am confident that further engagements will enable us achieve the meeting of minds so that these critical facilities that the World Bank has already approved, it’s willing and it’s eager and waiting for those approvals to enable them disburse, will also be forthcoming shortly.” she said.
Source: GhanaCelebrities.Com
