Parliament approves $1.3 bn cocoa loan for 2020/2021 crop season
Parliament has approved a loan agreement to enable the Ghana Cocoa Board (COCOBOD) purchase cocoa beans in the 2020/2021 cocoa season.
Presenting to parliament the details of the loan facility, the Chairman of the finance committee, Dr Mark Asibbey-Yeboah, requested the house to adopt his committee's report on the terms of a receivables-backed trade finance facility between Ghana Cocoa Board and a Consortium of bank and financial institutions with the government of Ghana as guarantor for an amount of up to US$1.3 billion to finance the purchase of cocoa for the 2020/2021 crop season.
Seconding the motion moved by Dr Assibey-Yeboah, the Minority MP for Adaklu, Kwame Agbodza, expressed worry as to why a report which was supposed to be presented by COCOBOD on the suspension and audit of the cocoa roads in 2017, was not ready.
Source: classfmonline.com
Trending News
Off-duty Policemen fatally shot: Police launch manhunt for gunmen
22:29Fuel Africa 2024: Futurize and AstraZeneca unveil groundbreaking innovations for health tech and environmental sustainability
11:57S/R: GHS inaugurates 7-member inter-agency c’ttee for health promotion
10:15EC begins limited voter registration exercise today
07:11Appiatse reconstruction: Akufo-Addo gov’t fulfils its promise of housing delivery - Lands Minister
22:19No one ordered Yagbonwura to get up to greet Akufo-Addo - Chieftaincy minister
11:38Akufo-Addo never asked Yagbonwura to stand up and greet him, that’s the work of propagandists – Samuel Jinapor
10:11Bawumia: 'I'm not running for office for power; I just want to solve Ghana’s problems'
11:24KMA to form stray cattle-catching task force to save newly-planted trees
09:49'I'm up to the task, competent, trustworthy, hardworking' – Bawumia says he's always known he has 'something great to offer Ghana'
06:06