Ghanaians who transact business with their Iranian counterparts can now access a 70 million dollar facility from the Export and Import Bank of Iran to aid their operations. The credit facility was finalized in Tehran by a recent trade mission from the Ghana Investment Promotion Centre. Businesses which qualify to access the credit include those into partnerships, joint ventures or deals with Iranian companies. The interest rate is less than five percent. GIPC Chief Executive George Aboagye tells Joy Business his outfit together with the Chamber of Commerce would work to facilitate access. “We came here on a note of seeking facilities and financial resources to support our private sector and their commercial dealings as well as in investment. “We were looking at around $20 million but the discussions went well, the government through the export development bank is promising to avail us 50 million and go up to around a $100,000 million which is very encouraging. “What is left for us to do is to access this fund; the modalities for accessing the fund is what we have to work on," he said. Members of the Ghana Chamber of Commerce are also beneficiaries of the facility. Vice President Seth Adjei-Baah said the facility will in no small way positively affect business in Ghana. “It gives us flexible way of getting products from Iran; secondly the cost of doing business is low he noted. Meanwhile, Ghana is to benefit from technical assistance, knowledge sharing and capacity building in the area of oil and gas and manufacturing of vehicles from Iran. The memorandum of understanding to guide the program was initiated between the GIPC and the Organization for Investment, Economic and Technical Assistance of Iran. Source: Joy Business/Myjoyonline.com/Ghana