• Short Summary

    THE INTERNATIONAL DEVELOPMENT ASSOCIATION (I.D.A.), AN AFFILIATE OF THE WORLD BANK, HAS GRANTED GHANA A?

  • Description

    1.
    SV EXT: MINISTRY OF ECONOMIC AFFAIRS.
    0.05

    2.
    CV SIGN: CONFERENCE ROOM'.
    0.08

    3.
    SV INT: DELEGATES AROUND TABLE.
    0.16

    4.
    SV PRESSMEN.
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    5.
    LV OMABOE SPEAKS.
    0.28

    6.
    CU MAN LOOKING ON
    0.32

    7.
    CU OMABOE SPEAKS.
    0.40

    8.
    CU MAN LISTENING.
    0.43

    9.
    CU OMABOE SPEAKING.
    0.54

    10.
    CU MAN LOOKING ON.
    0.57

    11.
    SV PRESS.
    0.59

    12.
    GV ACQUAH SPEAKING.
    1.05

    13.
    CU PRESSMEN.
    1.07

    14.
    GV ACQUAH SPEAKS.
    1.15

    15.
    SV PRESSMEN TAKING NOTES.
    1.18



    Initials JSU/VS/JB/SC



    Script is copyright Reuters Limited. All rights reserved

    Background: THE INTERNATIONAL DEVELOPMENT ASSOCIATION (I.D.A.), AN AFFILIATE OF THE WORLD BANK, HAS GRANTED GHANA A 50-YEAR-LOAN OF 10,000,000 UNITED STATES DOLLARS (ABOUT GBP4,150,000 STERLING).

    ANNOUNCING THIS AT A NEWS CONFERENCE IN ACCRA ON WEDNESDAY (12 JUNE) GHANA'S ECONOMIC AFFAIRS COMMISSIONER, MR. E.N, OMABOE, SAID THE LOAN WAS INTEREST-FREE WITH ONLY THREE-QUARTERS PER CENT SERVICE CHARGE TO COVER I.D.A.'S EXPENSES.

    THE GHANA GOVERNMENT WILL LEND THE MONEY TO THE ELECTRICITY CORPORATION AT SIX-AND-A-QUARTER PER CENT INTEREST TO EXTEND AND IMPROVE ITS DISTRIBUTION SYSTEM.

    MR. OMABOE SAID THAT THE CORPORATION WOULD HAVE 20 YEARS TO REPAY THE LOAN WITH A THREE-YEAR GRACE PERIOD.

    HE HOPED THAT BY SEPTEMBER THIS YEAR PLANS FOR THE GRANTING OF LOANS TO UNDERTAKE A FISHERY PROJECT AND PALM OIL PLANTATION NOW UNDER STUDY WOULD MATERIALISE.

    THE MANAGING DIRECTOR OF THE ELECTRICITY CORPORATION, MR. E.Q.H. ACQUAH, SAID THAT THE MAJORITY OF THEIR LOAN WOULD BE SPENT ON DEVELOPMENT PROJECTS OUTSIDE ACCRA.

  • Tags

  • Data

    Film ID:
    VLVAE35YW4TMDZTNZ1HYNOEOX726W
    Media URN:
    VLVAE35YW4TMDZTNZ1HYNOEOX726W
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    14/06/1968
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:19:00
    Time in/Out:
    /
    Canister:
    N/A

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