File photo

The Minister of Finance and Economic Planning, Mr Seth Terkper has assured of the government’s commitment to the passage of the bill to give Local Government Borrowing bill to give autonomy to Metropolitan, Municipal and District Assemblies (MMDAs) to borrow and improve service delivery.

He said the bill, when passed, would establish a local government lending agency from which the MMDAs could borrow either short term for cash flow management or long term for infrastructure projects.

“The purpose of Local Government Borrowing bill is to facilitate the borrowing of money by MMDA’s for infrastructure development and the delivery of municipal services,” the minister said.

Mr Terkper stated this at a workshop for four parliamentary select committees to discuss the Public Financial Management and Accountability and the Local Government Borrowing bills in Koforidua last Saturday.

# JM Manifesto Watch # Changing Lives # Transforming Ghana # JM Toaso #

THEUPDATESONLINE.COM is a reliable portal that gives updates to it cherished visitors. its a place where teaching and learning takes place, it gives updates on news around the world, Business and Financial tips, investment opportunities,reviews, and many more. There are currently 3 writers, ,Consultants, teachers and an editor making sure visitors get value for their time and money. The CEO of is SIMON AHAFIA, he is a teacher, blogger, web developer , online marketer and an entrepreneur. He is also the CEO of SIMCEL GROUP.

Tagged with: , , ,
Posted in News

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: