Government to borrow $127 million to consolidate debt
Prime Minister Gaston Browne (file photo)
Spread the love
After hours of debate from MPs on both sides of the Lower House, parliamentarians voted to consolidate government loans amounting to $127 million under the Loan Borrowing from Antigua Commercial Bank Bill 2020.
The loan will consolidate all existing public sector borrowing with a long-term bond, and a $5 million overdraft facility at the Antigua Commercial Bank (ACB).
The government has negotiated for a payback amount of $928,000 monthly at an interest rate of 6.25 per cent over a 20-year period. However, Prime Minister Gaston Browne said the interest on the overdraft which is currently at 11 per cent will have to be reduced further.
Madam Jean Mensa’s behavior demeans women – Odike fires
Founder and disqualified 2020 flagbearer of the United Progressive Party (UPP), Mr. Akwasi Addai Odike has attacked the demeanor and the work of Electoral Commission (EC) Chairperson, Mrs. Jean Mensa.
According to Mr. Odike, the work of the EC Chairperson has brought great disrespect to the entire womanhood in Ghana so far as the declaration of the just ended presidential election results is concerned.
“Jean Mensa s behavior demeans women in Ghana. If I am given an opportunity to vote a woman into any office, I will reconsider my decision”, the UPP founder bemoaned in an interview monitored by MyNewsGh.com on Kumasi-based Abusua FM.
UPP’s Odike attacked, suspects NPP supporters
Armed men numbering eight suspected to be supporters of the governing New Patriotic Party (NPP) have attacked the disqualified 2020 presidential candidate for the just-ended polls, Mr. Akwasi Addia Odike, mynewsgh.com reports.
According to the victim, the incident happened at the premises of Kumasi-based Otec FM on Monday, 15 December 2020 shortly after a radio program.
Giving details of the attack on him on Abusua FM, Mr. Akwasi Addae Odike who has been an ardent critic of the Akufo-Addo-led administration named one Agyemang, a known member of the ruling NPP in the Ashanti Region as the leader of the hoodlums.
Asot Michael Sees Promising Future for Saint Peters, Antigua
ASOT MICHAEL’S recent project to improve two Antigua-area primary schools underscores his ongoing commitment to the community. Michael, a long-time Member of Parliament, has been serving the Saint Peters Constituency for decades as a member of the Antigua and Barbuda Labour Party.
As the third-generation leader in the Antiguan community, Asot Michael considers the Saint Peters’ school improvements just one of several projects that will help the twin-island nation thrive in coming years.
H
ow Asot Michael is Working to Improve Schools
Pares Primary and Parham Primary in the Saint Peters region of Antigua will soon receive much-needed internal and external improvements. Students are also receiving personal items to help them to learn and to stay healthy.