The Energy Ministry has rejected claims that $90 million out of the $250 million loan being sought from the World Bank for the Ghana Energy Sector Recovery Programme will be used to pay consultants for the project.
The financing agreement is between the government and the International Development Association (IDA) of the World Bank Group.
The objective of the loan is to provide funding for the ESRP to support specific activities aimed at reducing the costs of electricity purchases and increasing revenue collection of the distribution utilities.
Additionally, it is geared towards improving the financial management system of ECG as well as supporting the National LPG Promotion Programme.
On Tuesday night, Parliament suspended the approval process of the deal following concerns raised by the Asawase MP, Muntaka Mubarak, that more than $90 million of this amount would go into paying consultants.
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