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Business News of Wednesday, 29 September 2010

Source: GBC

Japan restores Yen loan facility to Ghana

The Japanese government has restored the Yen loan facility to Ghana after Japan blocked the facility when the previous administration opted for the Highly Indebted Poor Countries initiative in 2001.

This was the outcome of the closed door bilateral meeting between the Prime Minister of Japan, Naoto Kan, and President John Evans Atta Mills in the Japanese capital of Tokyo.

Briefing journalists after the talks, Director of Communications at the Presidency, Koku Anyidoho, said the Japanese government has also agreed to accept about one hundred Ghanaians annually for a three-year training in industrial development, education, agriculture and infrastructural development at Fukushima which is the birth place of Dr Noguchi.

The Director of Communications at the Presidency, Koku Anyidoho also highlighted some areas that the Japanese government has expressed interest to support Ghana. These areas include roads, hospitals, Schools, the Shea Butter Industry, the Jute Factory and the SADA Project.