GhArticles.com Every News in Detail
On September 4, 2024, Ghana’s Parliament approved a $250 million loan from the World Bank to support the Ghana Energy Sector Recovery Programme.
This decision came after the loan agreement had initially been disapproved before the parliamentary recess, leading to a two-day emergency sitting to address the issue.
The loan aims to stabilize and revitalize Ghana’s energy sector by addressing financial challenges and ensuring a reliable electricity supply for households and businesses.
Despite strong reservations from the Minority, particularly regarding a $90 million consultancy fee within the agreement, the loan was ultimately approved.
The Majority emphasized the critical need for the funds to resolve urgent energy sector issues, reduce debt, and foster economic growth.
