{"id":68353,"date":"2024-03-09T06:47:06","date_gmt":"2024-03-09T06:47:06","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=68353"},"modified":"2024-03-09T06:38:01","modified_gmt":"2024-03-09T06:38:01","slug":"parliament-approves-300m-loan-to-finance-2024-budget","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/parliament-approves-300m-loan-to-finance-2024-budget","title":{"rendered":"Parliament approves $300m loan to finance 2024 budget"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Government has been urged to streamline the tax exemptions regime of the country instead of seeking loans upon loans that jeopardize the future of the country. <\/b><\/p>\n

Despite stiff opposition from the Minority, parliament passed a $300 million loan from the IDA to finance the 2024 budget.<\/p>\n

The approval was granted after heated debate on the floor of the House on March 8.<\/p>\n

When the Speaker gave him the opportunity, the Finance Minister, Dr Mohammed Amin Adam allayed the fears of the Minority Members of Parliament, \u201cLet me take this opportunity to clarify a few issues. First of all, this is not an IMF facility, it is a World Bank facility. It is a concessional facility for 25 years with a grace period of five years and an interest rate of about 1.25 percent. It has a grant element of 26%.\u201d<\/p>\n

\u201cIt is concessional, and this house is familiar with such concessional facilities. Secondly, it is budget support. This same house approved the financing for the 2024 budget, totaling 61 billion. This loan is one of the facilities we are pursuing to finance the 2024 budget. As we already know, the 2024 budget allocated resources to different projects and programs for the year.\u201d<\/p>\n

\u201cI want to assure them [the Minority] that I will review these exemptions. I will rationalize them, and I\u2019ll report back to Parliament in two weeks. I hope that when I return, honorable members will support me in whatever rationalization we undertake,\u201d he concluded.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Government has been urged to streamline the tax exemptions regime of the country instead of seeking loans upon loans that jeopardize the future of the country. Despite stiff opposition from the Minority, parliament passed a $300 million loan from the IDA to finance the 2024 budget. The approval was granted after heated […]<\/p>\n","protected":false},"author":84,"featured_media":68352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-68353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nParliament approves $300m loan to finance 2024 budget - Ghana<\/title>\n<meta name=\"description\" content=\"Government has been urged to streamline the tax exemptions regime of the country instead of seeking loans upon loans ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/parliament-approves-300m-loan-to-finance-2024-budget\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Parliament approves $300m loan to finance 2024 budget\" \/>\n<meta property=\"og:description\" content=\"Government has been urged to streamline the tax exemptions regime of the country instead of seeking loans upon loans ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/parliament-approves-300m-loan-to-finance-2024-budget\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-09T06:47:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/03\/sm_1709953534.844586.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"520\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/parliament-approves-300m-loan-to-finance-2024-budget#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/parliament-approves-300m-loan-to-finance-2024-budget\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Parliament approves $300m loan to finance 2024 budget\",\"datePublished\":\"2024-03-09T06:47:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/parliament-approves-300m-loan-to-finance-2024-budget\"},\"wordCount\":256,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/parliament-approves-300m-loan-to-finance-2024-budget#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/03\/sm_1709953534.844586.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/parliament-approves-300m-loan-to-finance-2024-budget#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/parliament-approves-300m-loan-to-finance-2024-budget\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/parliament-approves-300m-loan-to-finance-2024-budget\",\"name\":\"Parliament approves $300m loan to finance 2024 budget - 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