• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, November 2, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Ghana receives a $180 million concessionary credit facility from India

thevaultzby thevaultz
April 27, 2021
Reading Time: 3 mins read
Ghana receives a $180 million concessionary credit facility from India

The Indian High Commissioner to Ghana, Mr Sugandh Rajaram and Speaker of Parliament, Mr Alan Bagbin

The Government of Ghana has received a $180 million concessionary credit facility from the Indian Government as part of its development assistance to the country.  The facility consists of $150 million for agricultural mechanization and $30 million for improvement in water supply.

The Indian High Commissioner to Ghana, Mr Sugandh Rajaram presented the facility to the Speaker of Parliament, Mr Alban Bagbin.

“These are huge projects that we will be finalizing through a tender process. I hope that within the next one year the projects will start.

“India and Ghana are working together in various areas, including rural agriculture, which is a priority to improve the lives of the people.”

Mr Sugandh Rajaram, Indian High Commissioner to Ghana

Also, Mr Bagbin and Mr Rajaram discussed ways in which Ghana and India could work together to improve bilateral relations. They considered the areas of the legislature, agriculture, automobile, water supply, pharmaceuticals, among others.

RelatedPosts

Calls for OSP’s Removal Misguided – Barker-Vormawor, Dogbevi Rally Support

Fmr Auditor General Commends Specialized Courts Initiative, Demands Further Action

OSP Saves Ghana GH¢1.25 Billion from Irregular SML Payments

Touching on COVID-19, Mr Rajaram highlighted some assistance his government has provided as part of efforts to contain the spread of the pandemic. He said India has dispatched “gift vaccines” to some neighbouring countries, including some countries in Africa.

“Up till today, we have gifted or supplied more than 85 million vaccines to over 75 countries. We have also supplied huge amounts of drugs and equipment to more than 150 countries in the last year.

Mr Sugandh Rajaram, Indian High Commissioner to Ghana

“And the resilience of the Indian people and their governance system will ensure that India recovers from its current challenges quickly. It will, however, not be possible without the goodwill and active support of the world because India believes in living, growing and prospering with the world.”

Mr Sugandh Rajaram, Indian High Commissioner to Ghana
Commendation and Appreciation

The Speaker commended India for the huge investment it has committed into developing its human resource. As a result, Indians have become chief executive officers of some technology giants such as Amazon and Google. India is one of the fastest-growing economies in the world. It is projected to be among the three global economic giants in less than 10 years, the speaker revealed.

“I think this is something that at least Ghana can reflect over and also invest more in human resource development.”

Mr Alan Bagbin, the Speaker of Parliament

Mr Bagbin said Ghana could tap into the “rich reservoir” of India to improve on the country’s economy and parliamentary democracy. He mentioned that Ghana would continue to explore opportunities of sending parliamentary staff to India to study the country’s IT system and other areas of parliamentary functions. He added that “there are some skills that we need to learn from Indians to become more innovative and creative.”

ADVERTISEMENT

The Majority Leader, Mr Kyei-Mensah-Bonsu also commended India for supporting other countries with COVID-19 vaccines. He was also happy that India had expressed its readiness to support the development of Ghana’s railway, automobile and agricultural sectors. For his part, Mr Ablakwa expressed his sympathy to the government and the people of India over the loss of many lives to the pandemic.

“We note that from the beginning of the pandemic, you did not keep the vaccines to yourself; no wonder the world is also extending support to you due to your selfless spirit.”

Read also: 7,000 health workers have since died from COVID, 136 million at risk – ILO

Tags: $180 million credit facilitygeneral newsGhana NewsIndian High CommissionerSpeaker of Parliament
Share6Tweet4Share1SendSend
Please login to join discussion
Previous Post

Security, A big challenge for MoMo agents- Joshua Edmundson

Next Post

Burkina Faso: Spanish journalists and Irish citizen killed in jihadist attack

Related Posts

Osagyefo Mawuse Oliver Barker-Vormawor
General News

Calls for OSP’s Removal Misguided – Barker-Vormawor, Dogbevi Rally Support

November 2, 2025
Fmr Auditor General Commends Specialized Courts Initiative, Demands Further Action
General News

Fmr Auditor General Commends Specialized Courts Initiative, Demands Further Action

November 1, 2025
Kissi Agyebeng, Special Prosecutor, Ghana
General News

OSP Saves Ghana GH¢1.25 Billion from Irregular SML Payments

November 1, 2025
Bright Simons Slams E&P Over Gold Mine Controversy
General News

SML Termination Sparks Debate on Policy Learning and Accountability

November 1, 2025
Dzimega Defends Army Over Delayed Helicopter Crash Response
General News

President Mahama’s Appointees Commended for Integrity Amid Opposition’s Criticism

October 31, 2025
President John Dramani Mahama
General News

Mahama Orders Cancelation of SML- GRA Revenue Assurance Contracts

October 31, 2025
Osagyefo Mawuse Oliver Barker-Vormawor
General News

Calls for OSP’s Removal Misguided – Barker-Vormawor, Dogbevi Rally Support

by Evans Junior OwuNovember 2, 2025
GAEC Inducts Seven Institute Management Boards
Extractives/Energy

GAEC Inducts Seven Institute Management Boards

by Bless Banir YarayeNovember 2, 2025
Fmr Auditor General Commends Specialized Courts Initiative, Demands Further Action
General News

Fmr Auditor General Commends Specialized Courts Initiative, Demands Further Action

by Emmanuel Tibila BoasahNovember 1, 2025
Kissi Agyebeng, Special Prosecutor, Ghana
General News

OSP Saves Ghana GH¢1.25 Billion from Irregular SML Payments

by Evans Junior OwuNovember 1, 2025
Keith Muller, Chief Executive Officer
Extractives/Energy

Atlantic Lithium Finalizes Fiscal Deal with Government, Awaits Ewoyaa Lease Approval 

by Prince AgyapongNovember 1, 2025
Petroleum Commission Engages Singapore to Boost Upstream Petroleum Sector
Extractives/Energy

Petroleum Commission Engages Singapore to Boost Upstream Petroleum Sector

by Bless Banir YarayeNovember 1, 2025
Osagyefo Mawuse Oliver Barker-Vormawor
GAEC Inducts Seven Institute Management Boards
Fmr Auditor General Commends Specialized Courts Initiative, Demands Further Action
Kissi Agyebeng, Special Prosecutor, Ghana
Keith Muller, Chief Executive Officer
Petroleum Commission Engages Singapore to Boost Upstream Petroleum Sector

Recent News

Osagyefo Mawuse Oliver Barker-Vormawor

Calls for OSP’s Removal Misguided – Barker-Vormawor, Dogbevi Rally Support

November 2, 2025
GAEC Inducts Seven Institute Management Boards

GAEC Inducts Seven Institute Management Boards

November 2, 2025
Fmr Auditor General Commends Specialized Courts Initiative, Demands Further Action

Fmr Auditor General Commends Specialized Courts Initiative, Demands Further Action

November 1, 2025
Kissi Agyebeng, Special Prosecutor, Ghana

OSP Saves Ghana GH¢1.25 Billion from Irregular SML Payments

November 1, 2025
Keith Muller, Chief Executive Officer

Atlantic Lithium Finalizes Fiscal Deal with Government, Awaits Ewoyaa Lease Approval 

November 1, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address