The Government of Ghana has presented the EPC/Turnkey contract agreement between itself and Douja Promotion Groupe Addoha to Parliament.
The agreement, worth $56.8 million, aims to finance the implementation of the National Affordable Housing Programme and the Revised Redevelopment Scheme.
The First Deputy Speaker, Mr. Joseph Osei-Owusu, referred the loan agreement to the Committee of Works and Housing for further examination and reporting.
In addition, the Finance Committee laid before the House the report on the Financing Agreement between the Government of Ghana and the International Fund for Agricultural Development (IFAD).
The agreement, totaling $52.50 million, consists of a Blended Loan of $35.17 million and a Highly Concessional Loan of $17.32 million. The funds will support the Promoting Rural Opportunities, Sustainable Profits, and Environmental Resilience (PROSPER) Project.
The Finance Committee also presented a report regarding the Request for waiver of Domestic Value Added Tax amounting to $1.86 million on materials and works/services procured by Messrs Canadian Commercial Corporation for the implementation of the 132MW Installed Capacity T3 Power Project.
The First Deputy Speaker instructed the distribution of the two reports to Members of the House.
However, the National Democratic Congress (NDC) Parliamentary Minority Caucus was absent from the Chamber as they were accompanying Mr. James Gyakye Quayson, the Member of Parliament for Assin North, to court for his trial.
Following the proceedings, the House adjourned its sitting and will reconvene on Wednesday, July 19, at 10:00 a.m.