Minority rejects document on $3b Chinese loan

The Minority in Parliament, on Tuesday objected to a presentation of a paper on addendum to a master facility agreement between the Government of Ghana and the China Development Bank for $3 billion loan to finance Infrastructure Development Projects under the Ghana Shared Growth and Development Agenda.

The paper was presented by the Mr Seth Tekpeh, Deputy Minister for Finance and Economic Planning.

However, the Minority represented by Dr Anthony Osei Akoto, Mr  Osei Kyei-Mensah Bonsu, Mr Joe Ghartey  noted that the facility agreement  had some problems which needed to be corrected before the House could look at this appendix.

Mr Ghartey requested the Committee on Finance in Parliament to bring the document to the House, which according to him was an amended version of the master facility.

Dr Akoto Osei said pressure should not be put on Members of Parliament to approve the amended document and called for the necessary corrections to be made on the facility agreement.

Mr Samuel Ofosu Ampofo, Minister for Local Government and Rural Development, presented two Legislative Instruments, one for the Local Government (Ketu South Municipal Assembly), establishment instrument, 2012 (L.I. 2075), and the other Local Government (Tolon District Assembly), Establisment, Instrument, 2012, (L.I.2097).

The House tackled the Presidential Transition Bill, 2010, which was at the consideration stage.

Source: GNA