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Ghana’s Parliament Greenlights $300 Million World Bank Loan for 2024 Budget Support

Francis Kyei

Ghanaian based journalist and African sovereign bond market specialist.
  • Ghana secures the first tranche of a $900 million World Bank facility to bolster the 2024 budget.
  • Finance Minister navigates through opposition concerns over tax waivers to win loan approval.

 

Ghana’s Parliament has sanctioned the initial segment of a $900 million loan from the World Bank on Friday, earmarked as Resilient Recovery Development Policy Financing, to underpin the nation’s 2024 budget.

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