Parliament has approved a financing agreement for an amount of US$ 150 million to finance the proposed Transport Sector Improvement Project (TSIP).
Under the agreement, which is between the Government of the Republic of Ghana and the International Development Association (IDA), the loan has a grace period of 5 years, 20 years of re-payment period, 25 years maturity period and an interest rate of 1.25 per cent per annum.
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