• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, September 20, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Foreign Ministry’s €116m Budget For Redevelopment Of AICC Rejected

December 21, 2022
Stephen M.Cby Stephen M.C
in General News
0
The Test Of Viability On E-levy Will Come Up At The Next Election- NPP

Parliament.

The Ministry for Foreign Affair’s plan to raise an amount of €116 million to reconstruct the Accra International Conference Center (AICC) has been rejected by the minority caucus in Parliament.

The Minority raised concerns at the committee hearing on Wednesday, December 21, 2022, which resulted in a rejection of the plan by the House.

Ranking Member on the Foreign Affairs Committee, Samuel Okudzeto Ablakwa, indicated that the project is not a necessity in this current harsh economic climate. He noted that the reconstruction of the AICC has not been listed among the essential projects for the Ministry under 2023, a reason for the rejection of the budget.

RelatedPosts

We Must Go After the Big Men Behind Galamsey – Expert Demands Tough Action

President Mahama Says ECOWAS Engaged in Dialogue with Sahel States

Motives Behind Ghana-US Deportee Deal Questioned 

“As we have noted in our report, some members of the Committee expressed their inability to support the reconstruction of the Accra International Conference Centre because of the distressed nature of the current economy. They again argue that the reconstruction of the AICC has not been captured in the list of essential projects of the Ministry of Finance for the year 2023.”

Samuel Okudzeto Ablakwa

The Foreign Affairs Committee has therefore recommended that the Ministry produces the report of the feasibility studies and the structural integrity of the AICC to inform the future decision of the project.
The North Tongu MP explained that the Minority will not support the redevelopment of the AICC when the feasibility reports, value for money report and structural integrity report on the project have not been provided.

Mr Ablakwa also described as unnecessary, the plan of the Ministry to open new embassies around the world.

“We do not think that it is a great idea at this time to be opening a new diplomatic mission in Jamaica, Trinidad and Tobago and in Mexico as has been programmed for projects to be executed in 2023. We have conveyed our strong objection to this plan by the Ministry.”

Samuel Okudzeto Ablakwa

Budgetary allocation for national cathedral rejected

Meanwhile, the Minority members on the Trade, Industry and Tourism Committee of Parliament has won by a majority decision to reject the GH¢80 million additional budgetary allocation for the Ministry of Tourism, Arts and Culture for the National Cathedral of Ghana.

According to Ranking Member on the Committee, Emmanuel Armah-Kofi Buah, officials of the Ministry failed to convince them about the allocation and also account for the over GH¢300 million already spent on the project. He indicated that officials of the Ministry of Finance could also not give ample reason for the allocation.

The Minority members on the Committee, therefore, called for voting to decide the matter. As at the time of voting, the minority were more than the Majority members and won by an 11-10 majority votes.

Nonetheless, the other allocations of the Ministry of Tourism, Arts and Culture were approved.

“We asked for a vote, and I think today God was on the people of Ghana’s side. We voted and we were in the majority.”

Emmanuel Armah-Kofi Buah

The Member of Parliament for Ellembelle Constituency, however, expressed concerns that the Majority may use their numbers to overturn this decision when it gets to the plenary. He assured, Ghanaians should be content that no more funds will be pumped into the controversial project from the government coffers.

READ ALSO: Sammy Gyamfi Ties The Knot With Girlfriend, Irene

Tags: AICCBudgetary allocationGhana NewsNational ctathedral
Please login to join discussion
Previous Post

Economy Expands Marginally By 2.9% In Q3 2022, Slowest Rate In Two Years

Next Post

High Powered British Delegation Visits Japan Motors’ Nissan Assembly Plant

[mc4wp_form id="1264"]

Related Posts

Economist and political risk analyst, Dr. Theo Acheampong
Extractives/Energy

Expert Demands Swift Traceability System to Avoid Purchase of Galamsey Gold

September 20, 2025
Economist and Political Risk Analyst, Dr. Theo Acheampong
General News

We Must Go After the Big Men Behind Galamsey – Expert Demands Tough Action

September 20, 2025
GSE Composite Index Surges Past 7,700 Mark, Bulls Maintain Relentless Momentum
Securities/Markets

GSE Composite Index Surges Past 7,700 Mark, Bulls Maintain Relentless Momentum

September 20, 2025
Ghana Bleeds $100m Annually as Raw Rubber Exports Rob Economy of Jobs & Revenue
Agribusiness

Ghana Bleeds $100m Annually as Raw Rubber Exports Rob Economy of Jobs & Revenue

September 19, 2025
Estonia Summons Russian Diplomat Over Incursion
Europe

Estonia Summons Russian Diplomat Over Incursion

September 19, 2025
Angola Weighs JPMorgan Swap Extension Amid Debt Pressures
Africa

Angola Weighs JPMorgan Swap Extension Amid Debt Pressures

September 19, 2025
Economist and political risk analyst, Dr. Theo Acheampong
Extractives/Energy

Expert Demands Swift Traceability System to Avoid Purchase of Galamsey Gold

by Evans Junior OwuSeptember 20, 2025
Economist and Political Risk Analyst, Dr. Theo Acheampong
General News

We Must Go After the Big Men Behind Galamsey – Expert Demands Tough Action

by Evans Junior OwuSeptember 20, 2025
GSE Composite Index Surges Past 7,700 Mark, Bulls Maintain Relentless Momentum
Securities/Markets

GSE Composite Index Surges Past 7,700 Mark, Bulls Maintain Relentless Momentum

by Stephen M.CSeptember 20, 2025
Ghana Bleeds $100m Annually as Raw Rubber Exports Rob Economy of Jobs & Revenue
Agribusiness

Ghana Bleeds $100m Annually as Raw Rubber Exports Rob Economy of Jobs & Revenue

by Stephen M.CSeptember 19, 2025
Estonia Summons Russian Diplomat Over Incursion
Europe

Estonia Summons Russian Diplomat Over Incursion

by Comfort AmpomaaSeptember 19, 2025
Angola Weighs JPMorgan Swap Extension Amid Debt Pressures
Africa

Angola Weighs JPMorgan Swap Extension Amid Debt Pressures

by Lawrence AnkutseSeptember 19, 2025
Economist and political risk analyst, Dr. Theo Acheampong
Economist and Political Risk Analyst, Dr. Theo Acheampong
GSE Composite Index Surges Past 7,700 Mark, Bulls Maintain Relentless Momentum
Ghana Bleeds $100m Annually as Raw Rubber Exports Rob Economy of Jobs & Revenue
Estonia Summons Russian Diplomat Over Incursion
Angola Weighs JPMorgan Swap Extension Amid Debt Pressures
[/vc_row_inner]

Recent News

  • Expert Demands Swift Traceability System to Avoid Purchase of Galamsey Gold
  • We Must Go After the Big Men Behind Galamsey – Expert Demands Tough Action
  • GSE Composite Index Surges Past 7,700 Mark, Bulls Maintain Relentless Momentum
  • Ghana Bleeds $100m Annually as Raw Rubber Exports Rob Economy of Jobs & Revenue
  • Estonia Summons Russian Diplomat Over Incursion
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.