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Gov’t seeks $166 million loan to buy armoured vehicles

The <a href="https://www.pulse.com.gh/business/govt-discriminating-against-customers-of-collapsed-banks-asepa/gzghssg">government of Ghana</a> is seeking a loan of over $166 million for the purchase of armoured cars.
Gov’t seeks $166 million loan to buy armoured vehicles
Gov’t seeks $166 million loan to buy armoured vehicles

Government wants approval from Parliament after three separate agreements were laid before the House on Monday.

The agreements were referred to a joint committee on Finance, Defence and Interior.

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An Oder Paper from Parliament shows the first facility is between the Ministry of Finance and Israel Discount Bank Limited for an amount of $166,120,000 to finance the supply of Armoured cars.

Government is also seeking Parliamentary approval for a Commercial Loan Agreement from the same Israel Discount Bank for an amount of $12million for supply of Armoured vehicles.

The third facility is a contract Agreement between Government of Ghana and Elbit Systems Land Limited of Israel.

This, however, entails a deal for an amount of $80 million for supply of Armoured Vehicles to the Government of Ghana.

Defence Minister Dominic Nitiwul took charge of laying all three facilities before Parliament.

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