The government is set to present to Parliament on Monday July 25 a syndicated loan facility of $250 million to finance capital and growth-related expenditures in the 2022 Budget.
The loan facility is between the Government of Ghana and the Joint Mandated Lead Arrangers and Bookrunnners (MLABs) [Rand Merchant Bank, a division of FirstRand Limited (London Limited).
The facility is part of the one-billion-dollar syndicated loan facility the Government is seeking to finance capital and growth-related expenditures in the 2022 Budget.
$750 million of the loan facility was approved by the House on Wednesday, July 20. The Minority, however, gave a clear indication they would support approval of the additional $250 million because it was not captured in the 2022 Budget Statement and Economic Policy of the Government.
Deputy Majority Leader, Mr Alexander Kwamina Afenyo-Markin, who presented the Business Statement of the House for the week ending Thursday, July 28, said pursuant to the Financial Management Act, 2016 (Act 921), the Minister of Finance is expected to present the Mid-Year Review Budget Statement and Economic Policy and Supplementary Estimate of the Government of Ghana for 2022 Financial to the House on Monday, 25th July.
He urged members of the House to therefore take note of the date and avail themselves of the presentation.
Debate on the Budget Motion has been scheduled for Tuesday, 26th July, with leadership to conclude with their own submissions on Wednesday, 27th July.
The House is expected to adjourn sine die on Thursday, July 28.
