A $15 million loan credit to Ghana

The government of Turkey has granted a $15 million loan credit to Ghana to support export promotion.

The Turkish Trade Minister, Zafar Caglayan, who is at the head of a 150 member delegation to the country, said this at a media briefing in Accra.

Mr. Caglayan said his government is also providing an amount of USD 3 to 24 million to help boost Ghana's tourism industry.

He said to deepen the economic ties between Turkey and Ghana, negotiations are ongoing to address the issue of double taxation to protect and encourage mutual investments as well as contractual agreements to ensure development in both countries.

Mr. Caglayan said his country is prepared to be an open gate to Asia and Europe for the development of commercial and economic co-operation.

The Turkish Trade Minister earlier signed the Exim Bank Credit for Ghana and extended his President's invitation to Vice President, John Mahama to visit that country.