Exim Bank’s Line of Credit of US$ 60 Million to the Government of Ghana

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....it of US$ 60 Million to the Government of Ghana The Export-Import Bank of India (Exim Bank) has concluded an agreement with the Government of Ghana making available to the latter a Line of Credit (LOC) upto an aggregate sum of USD 60 million (US Dollar Sixty million only). The credit agreement has become effective on February 27, 2006. The credit is available for financing exports from India, o....

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....d 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 may allow such remittance after realisation of full payment of contract value subject to compliance of prevailing instructions on payment of agency commission. 5. Authorised Dealer banks may bring the contents of this circular to the notice....