Disclose to Parliament full terms of Afreximbank loan

Former Finance Minister Seth Terkper has asked current Finance Minister Ken Ofori-Atta to reveal the full terms and conditions of the $750 million Afreximbank loan to Parliament. He explained that the Public Finance Management Act requires full disclosures, so the government must comply. His remarks follow the disclosure that Afreximbank withheld approximately $37 million for interest payment obligations, a move that was not part of the agreement approved by Parliament. Mr Terkper told 3Business...[Read More]