PARLIAMENT APPROVES LOANS TOTALLING $300M
Parliament yesterday approved US$300 million, to finance a number of projects across the country.
The projects include the design and construction of the Tamale International Airport Phase 2 (US$80 million), Accra Urban Transport Project (US$83 million), and the development of Kumasi International Airport (72.7 million euros).
Others are the Ghana Revenue Authority IT Training Institute and accompanying measures (3.5 million euros), construction of three regional and 22 district offices for the Ghana Audit Service (13 million euros), the construction of a new bridge across the Volta River on the Eastern Corridor at Volivo (11 billion Japanese Yen, equivalent to US$104.7 million), among others.
The facility are between the government and number of financial and other institutions, and were approved by the Legislature in pursuant to the provisions of Article 181 of the Constitution and Section 55 and 56 of the Public Financial Management Act, 2016( Act 921).
The House further approve a request for waiver of import duties, import VAT, NHIL, ECOWAS Levy, EDAIF, Inspection Fees, withholding taxes and other related taxed amounting to US$922,371, being the offshore component and GH¢733,419.36 being the local component relating to project materials and equipment to be procured under the agreement between the government and Saudi Fund for Development for the rehabilitation and expansion of the Bolgatanga Regional Hospital.