Member of Parliament for Ofoase Ayirebi, Kojo Oppong Nkrumah has told the government to ensure that the approved $360 million financing agreement is used for its planned purposes.
He urged the government to ensure transparency in the utilisation.
In Parliament on 1st July 2025, the government received approval for the $360 million World Bank facility to support the 2025 budget.
“Contributing to the debate, I urged our colleagues from the other side to ensure transparency for its utilisation and not deviate from what the cabinet approved the funds for,” he wrote on his Facebook page.
Parliament on Tuesday, July 1, approved a $360 million financing agreement between government and the World Bank’s International Development Association (IDA) for the Second Resilient Recovery Development Policy Financing.
Deputy Finance Minister Thomas Nyarko Ampem presented the facility to the House on Tuesday.
The funding aims to improve citizens’ livelihoods, accelerate economic growth, sustain macroeconomic stability, curb inflation, and restore economic growth.
The Finance Committee recommended approval of the facility, though the Minority voiced opposition during debates.
