§ Mr. Juddasked the Minister of Overseas Development what additional financial aid the British Government will provide to the Ghana Government in the year 1969–70 following the meeting on aid to Ghana sponsored by the International Monetary Fund which was held in Paris in May.
§ Mr. PrenticeWe are increasing our £2 million loan to Ghana by £1.65 million. An agreement with the Ghana Government was signed in Accra on 14th July. With the carry-over of disbursements from the 1968 loan, this brings the total of British financial aid to Ghana in 1969–70 to about £4 million.
The loan, interest-free with a maturity of 25 years, is for the purchase of British goods and services and as a contribution towards the cost of development projects to be agreed between the two countries.