India offers $180 million credit facility to Ghana

The Indian Government has extended a $180 million concessionary credit facility to Ghana as part of its development assistance to the country, the Indian High Commissioner to Ghana, Mr Sugandh Rajaram, has said.

The facility consists of $150 million for agricultural mechanisation and $30 million for improvement in water supply.

“These are huge projects that we will be finalising through a tender process. I hope that within the next one year the projects will start,” the ambassador added.

Mr Rajaram, who was speaking during a courtesy call on the Speaker of Parliament, Mr Alban Sumana Kingsford Bagbin, in Accra yesterday, said: “India and Ghana are working together in various areas, including rural agriculture, which is a priority to improve the lives of the people.”

Mr Bagbin and Mr Rajaram also discussed ways in which Ghana and India could work together to improve bilateral relations, especially in the areas of legislature, agriculture, automobile, water supply, pharmaceuticals, among others.

Present at the meeting were the Majority Leader, Mr Osei Kyei-Mensah-Bonsu; the Second Deputy Majority Leader, Mrs Lydia Seyram Alhassan, and the MP for North Tongu, Mr Samuel Okudzeto Ablakwa.

Containing COVID-19

Mr Rajaram said as part of efforts to contain the spread of the COVID-19, India had dispatched “gift vaccines” to some neighbouring countries, including some countries in Africa.

“Up till today, we have gifted or supplied more than 85 million vaccines to over 75 countries. We have also supplied huge amounts of drugs and equipment to more than 150 countries in the last one year.

“And the resilience of the Indian people and their governance system will ensure that India recovers from its current challenges quickly. It will, however, not be possible without the goodwill and active support of the world because India believes in living, growing and prospering with the world,” he said.

The ambassador expressed appreciation for the long-standing relations between Ghana and India.

source: graphiconline