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Parliament approves €18.8 million supplier's credit for 112 ambulances ghanaweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ghanaweb.com Daily Mail and Mail on Sunday newspapers.
Parliament has approved €18.8 million Buyer Credit Facility Agreement between the Government of Ghana and Deustche Bank AG to finance the supply of Ambulances and related training and maintenance services. The terms and conditions of the loan comprise a facility amount of €18.8 million out of which €16.9 million would be used to finance 85 per cent of the Commercial Contract and €1.92 million utilized for the Euler Hermes premium. The tenor for the facility is 8.5 years, Grace period of 1.5 years, Repayment period – 7years, Interest rate – CIRR 0.65 percent per annum, Commitment rate – 0.60 percent per annum, Upfront fee – 1.25 percent flat of the facility amount and ECA Premium – 8.11 percent flat. ....