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General News of Thursday, 20 March 2008

Source: GNA

Parliament Approves Presidential Jet Purchase

Accra, March 19, GNA- Parliament on Wednesday after more than a four hour's debate approved by a majority vote of 118 to 63 the loan agreement for the acquisition of jets to facilitate air transportation.

The aeroplanes (Chinese-made) would be financed with a soft loan from the Chinese Government to be paid over a period of 25 years, while the other two (French-made) would also be financed with a loan from Societe Generale.

Two of the aircrafts are a-12-seater Falcon 900 and another Airbus for the Ghana Air Force.

The motion called for the approval of US $43.15million to be financed by Societe Generale and US$62 from the Government of Ghana. During the debate the Minority raised concerns that papers on the agreement had not been laid for members to make comprehensive contributions to the debate and called for the rejection of the motion. A Committee meeting finally amended the discrepancy in the motion and committee report and finally settled on US$ 31.15 in respect of the value for the US$43.15million Meanwhile the House rose on Wednesday and it will resume on May 20, 2008.