Home Governance Security Gov’t seeks over $166m loan to purchase armoured cars

Gov’t seeks over $166m loan to purchase armoured cars

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Government is seeking parliamentary approval to borrow a total of $166,120,000 for the purchase of armoured vehicles.

The three separate agreements were laid in parliament Monday and referred to a joint committee on Finance, Defence and Interior.

The first facility is between government of  Ghana (represented by the Ministry of Finance) and Israel Discount Bank Limited for an amount of Seventy-Four Million, One Hundred and Twenty Thousand United States Dollars to finance the supply of Armoured Vehicles to Government of Ghana.

The House has also been requested to approve a Commercial Loan Agreement between Government of Ghana and the same Israel Discount Bank for an amount of $12million for supply of Armoured Vehicles.

The third and final facility is a contract Agreement between Government of Ghana and Elbit Systems Land Limited of Israel for an amount of $80 million for supply of Armoured Vehicles.

All the 3 facilities were laid by Defence Minister Dominic Nitiwul today.

 

Source: Ghana/Starrfm.com.gh

About Post Author

Ellis Ferdinand

Ellis Ferdinand is the Founder of Education Ghana Media Network ,a parent Company of EducationGhana.net ,an Online Education News Blog and Education Television, an Online Digital Television Channel. Ellis Ferdinand is a Graduate of Accra College of Education and the University of Cape Coast respectively, where he obtained a Diploma In Basic Education and a Bachelor of Education in Accounting. Awards Ellis Ferdinand won Blogger of the Year at the 2018 National Students’ Awards and was also adjudged 14th Best Ghanain Blogger in 2018 among Top 50 Ghanaian Bloggers of 2018. He introduced the Concept of Education Blogging in Ghana in 2014 with his famous blog EducationGhana.net. His Blog won Best Media Promoting Education in 2017, 2018 and 2019 respectively, an Award organized by Neogenics Education Consult. In 2019, He was adjudged the Most Promising West African Blogger of the Year in Nigeria.
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