ANNOUNCEMENT 06 May 2010A new trade finance transaction was announced in May 2010.
NUMBER OF INTERVENTIONS
Reserve bank of India
On 6 May 2010, the Government of India agreed to provide a loan of USD 21.72 million to the Government of Ghana for financinggoods and services including consultancy services to finance:
- improved fish harvesting and fish processing project, and
- waste management equipment and management support project
The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 85% of the contract price for goods and services associated with the project is sourced from India.
The credit agreement came into force on 3 September 2010.