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Japan gives Ghana US$1.b
billion yen non-project grant
Accra, Feb. 21, GNA - The Government of Ghana on Wednesday
signed a non-project grant agreement of 1.4
billion yen with the government of Japan.
The grant is part of a scheme to provide the Ghana
government with foreign currency in order to facilitate the
importation of needed machinery and equipment for
development.
Nana Addo Dankwa Akufo-Addo, Minister of Foreign Affairs,
Regional Cooperation and NEPAD, who initialled for Ghana,
said the grant would assist in the consolidation of
government priorities as stipulated in the Growth and
Poverty Reduction Strategy (GPRS II).
He said under the programme, government would focus on
provision of rural infrastructure such as schools, motorable
roads, health facilities and improvement of the quality of
life of rural people.
Mr Masamichi Ishikawa, Japanese Ambassador to Ghana, who
signed for his country, said Japanese grant to Ghana had
increased consistently over the past few years because the
people of Ghana had demonstrated great effort towards open
and competitive economy.
He expressed the hope that the grant would strengthen the
relations between the two countries and help speed up the
economic growth of Ghana.
Mr Ishikawa congratulated the government and the people of
Ghana on the celebration of the Golden Jubilee of
independence and President John Kufuor’s assumption of the
chairmanship of the African Union.
GNA
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