{{Ghana Parliament on Wednesday approved a Mixed Credit Agreement of $19.1 million to fund critical reforms to alleviate poverty in farming communities to boost agricultural productivity to ensure food security for the country.}}<\/p>\n
The mixed credit agreement comprises a financing agreement between the government of Ghana and the Arab bank for Economic Development in Africa (BADEA) for an amount of $8.6 million and an OPEC Fund for International Development (OFID) for an amount of 10.5 million dollars to finance the Integrated Rural Development Project (IRDP).<\/p>\n
The project is to promote integrated rural development by increasing house incomes through enhanced farming, marketing and distribution chain.<\/p>\n
The 8.6 million BADEA loan has an interest rate of one per cent, a grace period of 10 years and a repayment period of 20 years, while the OFID 10.5 million loan attracts an interest rate of 1.5%, a service charge of 1%, a grace period of five years and a maturity period of 20 years.<\/p>\n","protected":false},"excerpt":{"rendered":"
{{Ghana Parliament on Wednesday approved a Mixed Credit Agreement of $19.1 million to fund critical reforms to alleviate poverty in farming communities to boost agricultural productivity to ensure food security for the country.}} The mixed credit agreement comprises a financing agreement between the government of Ghana and the Arab bank for Economic Development in Africa […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[100],"byline":[170],"hashtag":[],"class_list":["post-4742","post","type-post","status-publish","format-standard","hentry","category-news","tag-africa","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/4742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=4742"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/4742\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=4742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=4742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=4742"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=4742"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=4742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}