Ghana’s Parliament to approve over $166m loan to purchase armoured cars

August 04, Government through the Minister in charge of Defence. Mr. Dominic Nitiwul is seeking parliamentary approval to borrow a total of $166,120,000 for the purchase of armoured vehicles.

The three separate agreements were laid in parliament on Monday by the Minister and referred to a joint committee on Finance, Defence and Interior.

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The first facility is between government of  Ghana (represented by the Ministry of Finance) and Israel Discount Bank Limited for an amount of Seventy-Four Million, One Hundred and Twenty Thousand United States Dollars to finance the supply of Armoured Vehicles to Government of Ghana.

Meanwhile the House has also been requested to approve a Commercial Loan Agreement between Government of Ghana and the same Israel Discount Bank for an amount of $12million for supply of Armoured Vehicles.

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The third and final facility is a contract Agreement between Government of Ghana and Elbit Systems Land Limited of Israel for an amount of $80 million for supply of Armoured Vehicles.

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