Parliament has given the green light for government to guarantee a € 197 million loan agreement between the Ghana Ports and Harbours Authority, GPHA and a number of foreign banks.
The approval by Parliament for government to guarantee the credit facility however nearly suffered a set back before it's approval.
The facility is to finance the design, civil and engineering works at the Takoradi Port.
When the Joint Committee on Finance and Roads and Transport presented its report, the Minority Leader Osei Kyei Mensah Bonsu advocated that it be rejected because it was not explanatory.
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