§ 106. Sir G. Sinclairasked the Secretary of State for Commonwealth Affairs what benefit he estimates that Ghana will derive from the deferment of payments due to overseas suppliers arranged in London recently by Her Majesty's Government.
§ Mr. George ThomasDuring the period June, 1966-December, 1968, Ghana was due to repay a total of £77.3 million of medium term debts to overseas suppliers. Under the rescheduling agreement reached in London in December, 1966, she is being offered relief to the extent of £61.8 million, and will pay during this period only some £22.9 million including interest on all arrears. The balance will be repaid in instalments after a further grace period of 2½ years. These figures are only approximate as 115W Ghana has not yet completed her bilateral agreements with the greater number of her creditor countries.