{"id":274943,"date":"2016-12-08T12:00:40","date_gmt":"2016-12-08T12:00:40","guid":{"rendered":"http:\/\/citifmonline.com\/?p=274943"},"modified":"2016-12-08T12:00:40","modified_gmt":"2016-12-08T12:00:40","slug":"govt-secures-us100m-to-construct-bridge-over-volta-lake","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/12\/govt-secures-us100m-to-construct-bridge-over-volta-lake\/","title":{"rendered":"Govt secures US$100m to construct bridge over Volta Lake"},"content":{"rendered":"
Ghana has signed a $100-million (11,239 billion Yen) loan agreement with the Japan International Co-operation Agency (JICA) for the construction of a 540-metre long cable-stay steel bridge over the Volta River at Volivo and Dofor Adidome in the Volta Region.<\/p>\n
The agreement marks the resumption of the Yen loan Scheme after it was suspended when Ghana joined the league of the Heavily Indebted Poor Countries(HIPC) in 2001.<\/p>\n
The loan has an interest rate of 0.1 per cent for the construction and 0.01 per cent for the consulting services with repayment period of 40 years, including 10 years grace period.<\/p>\n