Exim Bank grants $30 million line of credit to Ghana

The Export-Import (Exim) Bank has provided a USD 30 million (about Rs 210 crore) line of credit to Ghana for a potable water project in the country. Under the arrangement, financing of export of eligible goods, works and services from India would be allowed subject to their being eligible for export under the Foreign Trade Policy of India and whose purchase may be agreed to be financed by the Exim Bank. As per the agreement, the terminal utilisation time is 60 months period after the scheduled completion date of the project.

Static/Current Takeaways Important For RRB NTPC/SSC CGL:

  • President of Ghana: Nana Akufo-Addo.
  • Capital of Ghana: Accra.
  • Currency of Ghana: Ghanaian cedi.

Source: The Business Standard

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