Parliament grants €20 million loan for green credit line project | Social


Parliament passed a motion on a loan agreement between the government and the German government for an amount of 20 million euros.

The facility is expected to fund the Green Line of Credit, an initiative under the Reform and Investment Partnership between the two countries that would help reduce carbon emissions.

In a message posted on Twitter on Tuesday, Chief Majority Whip Frank Annoh-Dompreh said the motion’s passage “strengthens the government’s efforts in the clean energy sector.”

Today, Parliament passed a motion to activate a €20 million facility from the German government to finance the green credit line. This is essential to refinance renewable energy and energy efficiency investments for MSMEs and households in Ghana.

“This is essential to refinance investments in renewable energy and energy efficiency for MSMEs and households in Ghana. We need to diversify our energy sources to provide a constant power supply to support our industrial goals,” he said.
It comes after the motion was scuttled last week due to lack of quorum for decision-making.

Minority MPs raised concerns after Finance Committee Chairman Kwaku Kwarteng presented his committee’s report on the settlement on Thursday.

Their concern was quorum under Sections 102 and 104 based on the Supreme Court ruling, which granted vice presidents the right to vote while presiding.

They argued that the numbers in the House did not meet the threshold of half of all MPs to allow decision-making.

According to the NDC deputies, the Supreme Court, through the judgment, overturned the mantra “Parliament is master of its own rules”, and therefore the proceedings could not proceed on the agreement.

But Adansi Asokwa MP KT Hammond was not thrilled with the position of the South Dayi lawmaker.

He thinks development is stifling parliament’s efforts to conduct the business of the day.

Mr Hammond fumed and called on NDC MPs to do whatever they wanted with the House and let his side know when they were ready to move forward with parliamentary business.

“You won’t let us do any work because we’re not over 90 or whatever, take this Parliament, do whatever you want to do with this Parliament. When you are tired, let us know,” he said.

It was the second time in a week that the minority cited the Supreme Court judgment to stop the approval of the loan agreements.

Second Vice President Andrews Akwasi Asiamah was forced to adjourn until Friday, March 18.

Source: Daily Guide

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