IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
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Inception date: 04 Sep 2020 | Removal date: open ended

Trade finance

On 4 September 2020, the UK Export Finance Agency (UKEF) announced providing financing to support the construction of the Tema-Aflao road project in Ghana that will be undertaken by the British construction company, BHM Construction International. For the project, UKEF will provide USD 92 million financing for the construction of the 166 km road project.

Concerning the project, the International Director of BHM Construction International UK Phil Atkinson said: “Securing this project has been dependent on the world class support provided by UKEF. It shows the commitment of the UK government in supporting exporters as they establish new trading relationships across Africa. Through the combined assistance of the Ghana Ministry and Roads and UKEF, our team are committed to the development of this critical infrastructure to provide a safe, efficient and reliable road transport system and foster economic growth within Ghana and the region at large.”

 

AFFECTED COUNTRIES

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