Exim Bank's Line of Credit of USD 25 million to the Government of Ghana

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..... uded an Agreement dated September 02, 2008 with the Government ofGhana making available to the latter, a Line of Credit (LOC) of USD 25 million (USD twenty five million) for financing eligible goods and services including consultancy services from India for three projects viz:- (i) ICT and Good Governance project (US $ 5 million), (ii) Railway Corridors project (UD $ 13 million) and (iii) Agro Pr .....

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..... mber 02, 2008. Under the LOC, the last date for opening of Letters of Credit and disbursement will be 48 months from the scheduled completion date(s) of contract(s) in case of project exports and 72 months (September 01, 2014) from the execution date of the Credit Agreement in case of supply contracts. 3. Shipments under the LOC will have to be declared on GR / SDF Forms as per instructions issu .....

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..... eximbankindia.in. 6. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (D. Mishra) Chief General Manager - Circular - Trade Notice - Public Notice - Instructions - Off .....

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