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Parliament approves $31 million car loans for MPs

+ the House has also approved a tax waiver of 13.3 million dollars for the importation of the vehicles for the MPs and the Council of State members. The Members of Parliament and Council of State have been given the 13.1 million dollars waiver despite the fact that they are paying only forty percent of the loan being facilitated through the National Investment Bank for the purchase of the cars. The government will bear the other 60 percent of the loan with the accrued interest. Last week, Finance Minister, Ken Ofori-Atta, tabled a loan agreement for $28 million to parliament for the purchase of 275 vehicles for members of the 8th Parliament.

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