Exim Bank’s Line of Credit of US$ 27 Million to The Government of the Republic of Ghana

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....lion to The Government of the Republic of Ghana The Export-Import Bank of India (Exim Bank) has concluded an agreement with the Government of the Republic of Ghana making available to the latter a Line of Credit (LOC) upto an aggregate sum of USD 27 Million (US Dollar Twenty Seven Million only). The credit agreement has become effective on November 16, 2005. The credit is available for financing ....

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....e to time. 4. No agency commission is payable under the above line of credit. However, if required, the exporter may use his own resources or utilize balances in his EEFC account for payment of commission in free foreign exchange. Authorised Dealer banks (ADs) may allow such remittance after realisation of full payment of contract value subject to compliance of prevailing instructions on payment ....