Finance Committee is about to suggest to Parliament that a $250 million loan be approved.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Finance Committee is poised to recommend the approval of a $250 million loan to Parliament, aimed at strengthening Ghana’s financial sector.

The recommendation follows a majority decision within the committee, according to Chairman Patrick Boamah.

The World Bank facility is designed to address the repercussions of the Domestic Debt Exchange Programme (DDEP) on banks and financial institutions.

This initiative is part of broader efforts to stabilize and support the financial sector amid ongoing economic challenges.

Source: newsthemegh.com