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JUST IN: Govt secures Ghc165.2million loan to buy ‘tear-rubber’ V8 for all 275 MPs

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Government has secured a loan of 28million US Dollars or 165.2 million Ghana Cedis for the procurement of brand new tear rubber V8s for all 275 Members of Ghana’s Parliament.

Finance Minister Mr. Ken Ofori-Atta tabled the proposal for the MPs which appears to be a “scratch my back I scratch your back” after the MPs yesterday, Tuesday, July 6, 2021, also approved $200 million additional funds from the World Bank for the government of Ghana.

The 28million dollar loan fo cars is yet to be approved but all other preliminary approvals and documentation have been secured.

Each member of Parliament is expected to receive US$100,000 or 590,000 cedis for the car purchase.

This is not new.

In 2018, te House of Parliament approved a $22.5 million car loan for MPs.

The loan  was secured from the Societe General Ghana (SGG) Limited.

The government of Ghana as well as the ex-gratia of the MPs is usually used as securities for the loan. Parliament approved it on June 14, 2018.

Each MP walked away with about $80,000 or the cedi equivalent of about GHc376,000.

The move is to enable the lawmakers acquire brand new vehicles to facilitate their work as some MPs have to commute long distances to their various constituencies and back to Accra weekly.

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All the MPs are expected to pay back the loan within four years starting from January 7, 2017 to January 6, 2021.

Source: MyNewsGh.com/2021

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Universities Offering Business Administration In Nigeria

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Have You Been Searching For The List Of Universities Offering Business Administration In Nigeria?, Federal Universities That Offer Business Administration In Nigeria And Their Cut-Off Mark?. State Universities That Offers Business Administration And Their Cut-Off Mark?, Private University Offering Business Administration In Nigeria? What Are The Subject Required For Business Administration?. If Yes, then this […]

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What Kind Of Business Can I Start As A Student?

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Have you been asking; What Kind Of Business Can I Start As A Student? What Business Can A Student Do To Make Money in Nigeria? What Business Can I Start With 50k As A Student? What Can I Sell As A Student To Make Money? What Business Can I Start With 20k As A Student In Nigeria? Is It Possible To Run A Business While Being A Student? Which Business Is Best For Students? Are you a student? Have you been searching for Business Ideas for Students in Nigeria?  How To Start Your Own Business As A Student? Lucrative Business

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Samira also announces refund of all allowances received since 2017 to the State

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Second Lady Samira Bawumia has announced that she will refund all allowances paid her since 2017, when her husband became the Vice President of Ghana.

A statement issued by her office on Tuesday, July 13 also indicated that Mrs Bawumia will not accept any monies allocated her as per recommendations by the Professor Yaa Ntiamoa-Baidu Committee.

“Mrs Bawumia continues to be committed to the service of the nation,” the statement noted.

It added that she stays committed “to deliver humanitarian interventions and initiatives in the areas of health, education and economic development”.

This comes a few hours after First Lady Rebecca Akufo-Addo also gave up all allowances received since 2017.

She stated that the decision comes in the wake of the negative views that have been expressed against the approval of the payment of salaries to First and Second Ladies in Ghana.

“The First Lady has taken note of the ongoing conversation in the nation , following on from recommendations and the bipartisan approval by Parliament , as mandated by the Constitution as the body which approves the emoluments of the Executive,” her office said on Monday, July 12.

“It is important to state  that payment  of such allowances existed and was made to previous First Ladies  in the course of the 4th Republic , prior to Mrs Rebecca Akufo-Addo becoming First Lady , Mrs Akufo-Addo did not  request to be paid any allowance . She only received that which existed and attached to her status , albeit informally.

“That not withstanding , the public discussion has been laced with some extremely negative opinions , in some cases, which she finds distasteful , seeking to portray her as a venal, self-serving and self-centered woman who does not care about the plight of ordinary Ghanaian.

“In view of this the First Lady , in consultation with the President of the Republic has decided to refund all monies paid her as allowances from the date of the President’s assumption of office i.e from January 2017 to date , amounting to GHS899,097.84.”

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