…$350mil & change in contractual parties …
Government sources say some modifications have been made to the loan agreement with the International Financial Consortium (IFC), which has generated much debate and controversy. Joy FM can confirm that the new agreement submitted by the Finance Minister provides for a total amount of $350 million and not $1 billion as earlier proposed. It would be for 25 years at an annual interest rate of 2.5%. Consequently, the loan transaction fee of 3.5% payable would be on the $350 million and not one billion dollars.
Source: GhanaWeb
