The European Union (EU) is set to resume budgetary support to Ghana.
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EU to resume budgetary support to Ghana
The EU says it will resume budgetary support to Ghana.
William Hanna (L) and Ghana's Trade Minister Spio Garbrah
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The European Union was withholding a £135 million budget support to Ghana due to an alleged payroll corruption scandal.
According to a British newspaper, Sunday Times, published in London on Sunday, the EU anti-fraud agency is probing a mammoth corruption scandal running into several million pounds in Ghana, being aid package from the EU to support the country's budget among others.
The money was said to have found its way into the pockets of 'ghost workers' in government.
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Speaking to the media in Accra Monday, Head of the EU delegation in Ghana, William Hanna said the Union has resolved to resume its assistance to the country following the International Monetary Fund’s (IMF) approval of Ghana’s bailout request.
“There has been debate in the European Parliament in the month of April. The very beginning of April there was a general debate on budget support and a question was asked about the situation in Ghana.
“And there was also another debate last week of the budget committee of the European Parliament which went well. I am optimistic that we should see decision to resume budget support [to Ghana] in the coming weeks.”
He said the EU was confident the IMF deal will help stabilise Ghana’s economy and also address the imbalances in the wage bill.
Ghana will receive the second tranche of the financial package from the International Monetary Fund (IMF) in July this year.
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This was announced in a report by the IMF.
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