Parliament yesterday approved some loan agreements for the acquisition of five military aircraft for the country.
The loan agreements includes a $105,370,177.09, from the Brazilian Development Bank (BNDES) for the purchase of one Embraer E 190 jet with a hanger, an €11 million from Fidelity Bank Ghana for two DA42 MPP Guardian Surveillance aircrafts and another €60 million from the Deutsche Bank Sociedad Anónima Espanóla for the purchase of two CASA 295 aircraft.
While some of the aircraft would be used for training and surveillance of the country’s borders alongside oil rig operations, others would be used for the movement of troops for both internal and external operations.
Moving the motion for the approval of the purchase of the Embraer E 190 jet, Chairman of the Finance Committee, Mr James Klutse, noted that the aircraft has been configured to satisfy the requirements of the Ghana Armed Forces for its strategy operations.
He observed that the Ghana Air Force with its strategic plan for 2009 to 2012 recommended a strategic airlift capacity hence the need for the purchase.
Mr Klutse, said BNDES shall be funding a maximum amount not exceeding 85 per cent of the purchase price of the aircraft, including spare parts and accessories whilst the remaining 15 per cent will be funded by DF Deutche-Forfait AG Bank of Brazil and Citibank N.A.
He noted that the Committee was further informed that the Ministry of Defence had also endorsed a proposal from Contracta Engenharia for the civic construction of one Aviation Hangar at a cost of $17.00 million, which was capable of holding three large aircrafts.
Mr Klutse informed the House that the hangar was also expected to serve as a store room for spare parts and provide offices for the pilots, technicians and engineers, adding that the hangar included the following; operational vehicles, one bus, one fire combat vehicle, one refusing truck, one Aerial Truck, one Aerial Maintenance Work Platform and one Ambulance.
He disclosed that the terms of the agreement include, a finance amount of US$88,370.177.07 for aircraft and logistics, export credit of 85 per cent from BNDES amounting to US$73,370,177.09 including export credit and an Insurance of US$4,520,177.09.