Reports sighted by InsiderGH.com holds that the Government of Ghana has secured a whooping $28 million [¢165.2 million] for the procurement of brand new V8 for all the 275 Members of Ghana’s Parliament.
The proposal was brought by Mr. Ken Ofori-Atta, the Minister for Finance, after the MPs approved $200 million additional funds from World Bank for the Akufo-Addo-led NPP government.
Although the $28 million car loan for the MPs is yet to be approved, all the necessary preliminary documentations are reported to have been secured.
Many regard the proposal as a “scratch my back I scratch your back” affair.
When the loan gets approved, each Member of Parliament will receive $100,000 for the purchase of the V8.
In granting this loans, as has been done in the past, the ex-gratia of the parliamentarians is used as collateral security.
This is not the first time Parliament has secured loans of this nature to enable the lawmakers to purchase brand new vehicles to help in their day-to-day activities as Members of Parliament.
It can be recalled that in 2018, Parliament secured and approved a similar loan of $22.5 million for the same purpose.