According to him, the government has completed all the paperwork for the loan.

He said government expects to complete all relevant processes for securing the credit facility by the end of August 2018.

“The loan will come very soon; we have done all the paperwork, very soon we will go to Parliament for the approval. Hopefully, we will hit the ground [between July and August]” Mr Hamid stressed.

Mustapha Abdul-Hamid was speaking on Adom FM’s Burning Issues program hosted by Afia Pokua on a myriad of issues.

Vice President Dr Mahamudu Bawumia announced on his return from a four-day visit to China that Ghana has struck a deal with the Chinese government in which about $19bn could be invested into the economy through various MOUs signed.