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The government has reached final agreements with the Indian Export-Import Bank (EXIM) for the conclusion of financing agreements aimed at improving agricultural mechanization services.
Service in farming communities across the country will provide water to Yendi residents and surrounding towns and villages.
This was announced following a meeting between officials of the EXIM Bank of India, led by its president David Raaquinha, and a Ghanaian delegation led by Vice President Mahamudu Bawumia, on the sidelines of the 14th Ccl-Bank EXCI, the current 12th Conclave India-Africa Partnership Project in New Delhi, India.
Following President Akufo-Addo's visit to India last year, discussions were held on the possibility of financing arrangements between the Government and EXIM Bank of India for a $ 150 million credit facility. for the strengthening of agricultural mechanization services in Ghana. $ 30 million facility for the Yendi Water Project.
Legislative approval of both agreements has since been approved by Parliament.
At an in camera meeting between Vice President Bawumia and officials of the Indian bank EXIM Bank, all final discussions on the launch of the two projects were closed and the final signature should be given for next month .
The agricultural mechanization project is expected to provide equipment and training to the various agricultural mechanization service centers (AMSEC) across the country.
The Yendi water supply project will provide water to the more than 133,000 residents of the Yendi Municipality and surrounding towns and villages that contribute to the agriculture sector by producing large scale food and commercial crops.
Vice President Bawumia expressed appreciation for the commitments and badistance provided to Ghana by the EXIM Bank of India and the Government of India over the years and is committed to strengthening relations with Friendship and cooperation between the two countries.
Previously, Mr. Bawumia had had an interactive meeting with leaders and industry leaders from India, where he had seized this opportunity, as well as the main stakeholders of the investment campaign in Ghana, to present the project of Ghana and the measures taken by the Government to create an environment conducive to investors. environment conducive to business prosperity.
Indian business leaders already operating in Ghana also took the opportunity to tell the story of Ghana, while providing crucial information on ways to further improve the business climate.
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