Parliament has sanctioned a $250 million loan from the World Bank to advance the Ghana Energy Sector Recovery Programme.

Initially rejected before Parliament's recess, the loan was a central factor in the emergency recall of Parliament for a two-day session.

The funds are earmarked for stabilising and revitalising Ghana’s energy sector, tackling persistent financial issues, and ensuring a consistent electricity supply for households and businesses nationwide.

During the debate, the Minority voiced significant concerns, particularly regarding a $90 million consultancy fee included in the loan agreement.

They criticised the fee as excessive and called for a more thorough examination before approval.

Despite these objections, the loan was ultimately approved.

The majority underscored the critical need for the funding to address urgent energy sector challenges.

They stressed that the recovery programme is vital for maintaining energy supply, reducing debt, and fostering economic growth.