The loan was approved after the Chairman of the Finance Committee, Kwaku Kwarteng presented the motion to the House for its approval.

The remaining $250million was rejected by the Minority for lack of clarity. The Ranking Member on the roads and transport committee Kwame Governs Agbodza asked the Finance Minister and the Roads Ministry to come clear on the components of the loan before the approval.

“Mr. Speaker having carefully examined the agreement which forms part of government’s programme aimed at raising funds for infrastructural projects in the 2022 budget, I will accordingly urge this House to approve this facility in order that Ghanaians may reap the benefits the facility will bring,” Mr. Kwarteng said.

On their part, the Minority said: “we have noticed some projects being duplicated in the agreement. We do not believe this is right and we will not encourage it. We want some clarifications...”

“We only want to get things clearer. The information we have gathered so far is too limited,” Mr Agbodza told journalists in Parliament on Wednesday July 20.

Also, the Ranking Member on the Finance Committee, Cassiel Ato Forson had cause to complain about the country’s debt levels.

He opined that all the tax revenues accrued from the first quarter of the year were consumed by interest payment and amortization for the same period.