Parliament approves $250m World Bank loan to support energy sector

The Parliament has approved a $250 million loan agreement from the World Bank to support the country’s energy sector.

This loan was initially resisted by the Minority in the House ahead of the recess.

The proponents explained that is intended to aid reforms under the Ghana Energy Sector Recovery Programme.

Despite being on recess, the Majority petitioned the Speaker to reconvene the House for two emergency sittings to address urgent government business.

At today’s sitting, the Minority raised concerns over a $90 million consultancy fee included in the loan agreement.

The NDC MPs argued that the fee was excessively high and required thorough scrutiny before being approved by the House.

However, the Majority in Parliament advocated for the approval of the funds.

They claimed it was a pressing matter that demanded immediate attention to address the energy sector’s problems.