The Ghanaian Ministry of Finance has signed a three loan agreement
with the German government for 40.82 million euros (approximately 176 million
Ghana Cedis) of which 22.82 million euros soft loan (approximately 98 million
Ghana Cedis) would be use to build a 12megawattz of solar power plant in Kalio
in the Upper West Region.
The second loan agreement of 13 million euros (approximately
56 million Ghana cedis) will increase the performance of the Ghana Audit
Service (GAS) to ensure that all financial resources are fully spent for the
purpose of planned programs and development activities.
The third loan agreement of 5 million euros (21.5 million
Ghana Cedis) goes to the Ghana Revenue Authority (GRA) for the construction of
an IT training institute.
The Deputy Minister of Finance, Hon. Mona Quartey said the
Ghana Audit Service is expected to support the construction of 22 district
offices, 3 regional Ghana Audit Service regional offices in Cape Coast,
Koforidua and Ho.
This is expected to enhance the work of the GAS to reduce
office accommodation problems and helping to better position the service to
carry out its mandate as the supreme audit service of Ghana.
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