Three loan deals totaling $500 million have been rejected by the minority members of the parliament's finance committee due to Ghana's unmanageable debt levels.

Digitalization, GIFMIS, and certain health infrastructure are the intended uses of the $200 million building and two other $150 million buildings.

However, the NDC MPs sought from the finance ministry a precise debt restructuring path before it can consider alternative loan facilities during the committee meeting where Ursula Owusu-Ekuful, the Minister for Communications and Digitalization, was present.

Ampem Nyarko, the MP for Asuogyaman, cautioned the media that his party would oppose any effort to increase borrowing until the government had a handle on the nation's debt crisis.

“We have taken a very simple position that looking at our debt situation, we’re unable to support further approvals for further loans because we believe that if you’re in a hole you don’t continue to dig further. We are waiting for the Finance Minister to give us a clear-cut to take us out of this debt situation; we need to know our debt sustainability plans otherwise we in the minority are clear that we’re unable to support any additional borrowings by this government,” he said.

But Communications Minister, Ursula Owusu-Ekuful expressed optimism that further engagements will convince the NDC MPs to support the approval of the loans given what the facilities are meant for.

“I am confident that further engagements will enable us achieve the meeting of minds so that these critical facilities that the World Bank has already approved, it’s willing and it’s eager and waiting for those approvals to enable them disburse, will also be forthcoming shortly,” she said.