Exports to Ghana (Credit)

HC Deb 26 April 1967 vol 745 cc1607-8

57. Mr. Tilney

asked the President of the Board of Trade what credit has been advanced on British exports to Ghana since 24th February, 1966, when the present Ghana Government came to power.

Mr. Jay

Cover has been available throughout from the Export Credits Guarantee Department for exports of British goods on short-term credit of up to six months. Longer terms are avail- able for equipment needed to maintain installed machinery and plant of British origin.

Mr. Tilney

Would not the right hon. Gentleman agree that Britain, by helping Ghana through the E.C.G.D. to import essential goods, has done more than most countries to aid the comparatively new Government of Ghana whom we are glad to see have survived the recently attempted coup and whom we would all like to help overcome the difficulties bequeathed to them by Dr. Nkruma?

Mr. Jay

That is true, and since February, 1966, about £26 million worth of British exports have been shipped to Ghana under E.C.G.D. cover.