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Jan 31, 2011

India offers to support fertilizer project

The governments of Ghana and India have signed a Memorandum of Understanding (MoU), to set up a $1.2-billion fertiliser project in Ghana for the production of 1.5million tonnes of fertiliser a year.

According to Mrs. Ruchie Ghanashyam, the Indian High Commissioner to Ghana, the government of India is already financing seven projects in Ghana, including the supply of railway equipment, agro processing plant, improved fish harvesting and processing and supply of fire tenders.

 Mrs. Ghanashyam disclosed this in Accra, at a reception to mark the 62nd Republic Day of India, pointing out that more than 1,200 Ghanaian professionals and students, have been trained through the India Technical and Economic Cooperation (ITEC) and the Special Commonwealth Assistance for African Countries Programme (SCAAP), to build their capacities in their various fields of work.

 She said that Ghana’s economy has been projected to be among the fastest growing in the sub-saharan region and attributed this to the country’s democratic governance process.

Source: ISD