The Government of Ghana has secured a $50 million loan facility from Societe Generale to rehabilitate Ghana’s embassies abroad.

The government delegation was led by Deputy Finance Minister, Cassiel Ato Baah Forson, during the agreement’s signing ceremony.

A statement issued by Societe Generale Ghana said they are happy to support Ghana improve infrastructure at its foreign missions.

“Societe Generale Ghana is happy to support the rehabilitation of Ghana’s Missions abroad with this financing of $50 million. The signing of this Credit Facility Agreement has come at an opportune time to support the Ghana Government to address some of the challenges faced by the Ghana Foreign Missions,” the statement added.

“It is Societe Generale Ghana’s desire to partner Ghana in the socio economic development of the country and to strengthen the already cordial business relations that has existed for many years between the Societe Generale Group, Societe Generale Ghana and the Government of Ghana.”

Societe Generale has contributed financially to several projects in Ghana including the Aboadze Thermal Plant; Fire Tenders for the Ministry of Interior; Steel Bridges for the Ministry of Roads & Highways; E-Government Project for the Ministry of Communication; 2 GRIDCo Transmission Projects; the Accra Streets Asphalting; the Kwame Nkrumah and Kasoa Interchanges and the Ghana Cocobod Cocoa Syndication since 1997 to date.

Source: Ghana/Starrfmonline.com/103.5FM

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