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of <h1>Exim Bank Sets $150M Line of Credit with Ghana for Agricultural Services; 75% Goods to be Sourced from India.</h1> Exim Bank has established a USD 150 million Line of Credit (LoC) with the Government of Ghana, effective from June 3, 2019, to finance the enhancement of Agriculture Mechanization Services Centres. This agreement mandates that at least 75% of the goods, works, and services be sourced from India, with the remaining 25% potentially procured internationally. Shipments must be declared in accordance with Reserve Bank instructions. No agency commission is payable, but exporters may use their own resources for commission payments. Authorised Dealer banks are advised to inform exporters about the LoC details and comply with the Foreign Exchange Management Act directives.
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