The EXIM Bank of India has with the support of the Government of India offered two concessional Lines of Credit worth US$180 million to the Government of Ghana.
Of the amount US$150 million is for the strengthening of Agriculture Mechanisation Service Centres to achieve food security in Ghana, while US$30 million is to upgrade the Potable Water Supply System in Yendi Town.
The agreements, which were reached on April 5, 2019 were signed by the Minister of Finance, Ken Ofori-Atta, and Pushpesh Tyagi, the EXIM Bank of India Resident Representative based in Abidjan, in Accra.
The signing ceremony was also witnessed by the Minister of Food and Agriculture, Dr. Owusu Afriyie Akoto, a Deputy Minister of Sanitation and Water Resources, Patrick Boamah, and the High Commissioner of India to Ghana, Birender Singh Yadav.
With the signing of the two concessional Lines of Credit, India’s developmental cooperation with Ghana through bilateral concessional Lines of Credit and through Indian Lines of Credit offered through ECOWAS Bank for Investment and Development (EBID) aggregates to US$433.26 million.
