Finance Ministry presents to Parliament request for $28m loan agreement for MPs to buy cars

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The Finance Ministry has introduced to Parliament a solicitation by government for a $28 million credit from the National Investment Bank.

The credit, as per the Ministry, is to back the acquisition of 275 vehicles for the individuals from the eighth Parliament.

Laying the solicitation on the Floor, Deputy Finance Minister, Abena Osei Asare, said the credit arrangement is between the public authority, addressed by the Finance, Ministry individuals from the eighth Parliament and the National Investment Bank Limited.

The medium-term advance, expected to be dispensed to MPs, is to be repaid by the individuals over the span of the four-year length stay as MPs.

The medium-term advance arrangement among government, addressed by the Ministry of Finance, individuals from the eighth Parliament 2021 to 2024 and the National Investment Bank Limited [is] for a measure of $28 million, to fund the acquisition of vehicles for individuals from the eighth Parliament,” Madam Abena said.

The First Deputy Speaker of Parliament, Joseph Osei Owusu, at the sitting alluded the solicitation to the Finance Committee.

In the mean time, the Minister additionally laid in Parliament a comparable solicitation for a $3.5 million vehicle credit for individuals from the eighth Council of State for them to buy vehicles.