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Exim Bank gives $30 million line of credit to Ghana.
Nov. 10, 2019

The Export-Import (Exim) Bank has provided a $30 million line of credit to Ghana for potable water projects in the country.

Exim Bank has entered into an agreement with Ghana for a line of credit (LoC) of $30 million (about Rs 210 crore) for financing rehabilitation and up-gradation of the potable water system in Yendi, Ghana.

The agreement under the LoC (soft loan or loan with low-interest rate) is effective from October 11, 2019.

Under the LoC, the terminal utilisation period is 60 months after the scheduled completion date of the project.