Ghana’s Parliament has finally approved the contentious $1 billion Eurobond through a voice vote with nearly a full session of the House.
The approval was given Wednesday afternoon.
On Tuesday the minority side of the House fiercely rejected the deal and voted 67-66 against the deal.
However, it has been approved.
The Ghana Government has explained that $750 million out of the money will be used to service existing bonds whose repayments are due.
The remaining $250,000 will be used to finance domestic debts if conditions are favourable.