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General News of Friday, 20 February 2009

Source: GBC

Spain convert US$60 million loan to Ghana into Grant

The Spanish government is to convert a US$60 million loan to Ghana into grant. The loan was contracted in 2005 to improve water supply, health and sanitation. The Spanish Ambassador to Ghana Madam Julian Olmo announced the package when she called on Vice President John Mahama at the Castle, Osu. Madam Olmo said, the Spanish government has made available five million Euros to be used to conduct further feasibility Studies in health, water and sanitation to improve the life of the ordinary Ghanaian.

The Ambassador said, Spain has designed an African Plan for Cooperation under which West Africa will receive priority. Ambassador Olmo said Ghana has been included in Spanish cooperation for Military training. She said, Spain will continue to enhance it relations with Ghana and also review bilateral trade with Ghana.

The Vice President John Mahama said, it is unfortunate that some agreements signed by the government of Ghana and Spain have not been implemented because of bureaucratic tendency on the part of the Ghana government. He said, the Ministry of Finance will be made to look at all such agreements and ensure their implementation.

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