
Audio By Carbonatix
Government today secured a 107.50 million Euros loan facility from Germany to support the country’s economic development agenda.The three-year concessionary loan will support projects between 2009 and 2011 with special focus on five key areas including rural branchless banking and an out grower value chain fund.Most of the funds will however go to directly support the budget.Minister of Finance Dr. Kwabena Duffuor signed the agreement on behalf of government.He expressed gratitude to the German government for support.The German Ambassador Ebernard Schanze who signed on behalf of his country said he hopes the fund will help move the country from a service based to an industrialized economy.“What we are looking for is a strengthening of the base of the Ghanaian economy – fighting poverty and preparing the ground for growth,” he said.Source: Joy News/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
From local stories to global decisions: Why the G7 Summit 2026 matters
26 seconds -
No health system can function effectively without well-trained pharmaceutical workforce – Asantehene
29 minutes -
MTN Chairman Mcebisi Jonas blames state failure for rising anti-foreigner sentiment in South Africa
1 hour -
Ghana deploys 47 health workers to Saint Kitts and Nevis under migration initiative
2 hours -
Telecel Foundation donates life-saving equipment to Kumasi South Hospital, signs 2-year adoption MoU
2 hours -
“Law and politics run in parallel channels” — Barker-Vormawor on ECOWAS ruling in Torkornoo case
2 hours -
Getrude Torkornoo’s claims of unfair trial lacks basis – Twum-Barimah
3 hours -
Benjamin Asare: From late bloomer to Black Stars’ rising wall
3 hours -
Removal of Getrude Torkornoo has always been political – Suame MP
3 hours -
Agenda 111: Barker-Vormawor urges Ken Agyapong to speak so alleged corrupt deals can be investigated
3 hours -
Choosing Athletics over football was the best decision of my life – Patience Okon George
3 hours -
CONFIRMED: Sedina Tamakloe-Attionu arrived in Nsawam on Wednesday, June 24
3 hours -
Suame MP praises former Chief Justice Torkornoo after ECOWAS Court ruling
3 hours -
Suame MP urges evidence-based discipline in NPP as “Ken must go” protest fallout deepens party tensions
4 hours -
Dragging Kennedy Agyapong to disciplinary committee is not wrong – Twum-Barimah
4 hours