The government of Ghana has signed an agreement with the government of South Korea for concessional loans of up to $400 million under the Economic Development Cooperation Fund (EDCF) framework.

The loans will be used to finance five key projects, including the Techiman Water Supply project, expected to cost $100 million; the $60-million COVID-19 emergency response programme; the modernisation of the Regional Maritime University (RMU) at $140 million and the improvement of the Volta Lake Transport system, costing $100 million.

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