In December 2004 the Government of Belgium signed an agreement for financial assistance in the form of interest-free loan of Euros1.32m to bring the total project fund to Euros2.65.
PURPOSE & CONDITIONS
The facility is to be used exclusively by Govt. of Ghana for:
- Purchase of Belgium capital goods/industrial equipment
- GOG to pay 20 equal annual installments to National bank of Belgium on 31st December each year with effect from 31st December 2004.
- BOG appointed as agent of Ghana to administer fund.