General News of Saturday, 29 September 2018Source: citinewsroom.comParliament approves $50m loan for commercial agric projectFile photo: ParliamentParliament has given the government the nod to go in for a 50 million dollar loan from the International Development Association (IDA) for the Ghana Commercial Agricultural Project. Members of Parliament were summoned on Monday for a five-day emergency sitting in part to approve the loan. The Commercial Agricultural Project facility provides Ghana with special drawing rights to access the funds to improve agricultural productivity and production of both smallholder and nucleus farms in the country. About the commercial Agric projectDr. Mark Assibey Yeboah, Chairman of the Finance Committee, explained that Parliament approved the original financing for the Ghana Commercial Agriculture Project (GCAP) on August 16, 2012, and subsequently became effective on April 8, 2013. He said the Committee finds the project to be immensely crucial for the improvement of agriculture production and productivity in the country and therefore recommended the House to approve the facility

Source: GhanaWeb September 29, 2018 14:03 UTC