Markets
The Belgian Facility
Wednesday, 22 December 2004 00:00

FUNDING: 

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
  • Services 
  • 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.