Business News of Saturday, 6 December 2003
Abuja (Nigeria), Dec. 6: India today conveyed to Ghana that it would release the remaining 27 million US dollars to it for rural electrification programme and farming projects.
This assurance was given by Prime Minister Atal Bihari Vajpayee, to Ghana President John Agyekun Kufour, when they met on the sidelines of the Commonwealth Summit here.
India had committed a creditline of 42 million US dollars when the Ghana President visited New Delhi in August last year. Of this, 15 million US dollars was released immediately and the rest was supposed to be released later.
In view of the request made by Kufour during his meeting with the Prime Minister, the latter gave his consent to release the amount immediately, Foreign Secretary Shashank, told reporters after the meeting.