By Parliament has approved a $150 million loan facility to fund the ongoing Greater Accra Resilient and Integrated Development (GARID) project. This World Bank loan is aimed at addressing flooding issues in the capital.
Despite stiff opposition from the Minority caucus, the loan was approved.
The Minority in Parliament argued that an earlier loan facility of $200 million approved for the GARID project had been mishandled by the government, leading to concerns that a similar scenario would be repeated.
Although the Finance Minister, Dr. Mohammed Amin Adam, pledged that the loan would be utilized effectively, the Minority remained unconvinced.
Due to the strong resistance from the Minority, the Speaker of Parliament, Alban Bagbin, decided to conduct a head count on the motion after initially taking a voice vote.
After a headcount vote, the Majority outnumbered the Minority, resulting in the approval of the loan.
Parliament reconvened on Friday, May 17, for an emergency sitting, following a petition from the Majority Leader, Alexander Afenyo-Markin, requesting the session to address outstanding government business.
Source: JoyNews
