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Israel Completes Today Pact on Granting $20,000,000 Credit to Ghana

January 10, 1958
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The broad outlines of an agreement under which Israel would grant Ghana $20,000,000 worth of credits over a four-year period are slated for completion here tomorrow. Afterwards, the pact will be returned to Accra where the final details will be worked out and the document signed.

The pact will grant the joint Israel-Ghana Construction and Development $5,000,000 a year in credits for the purchase of construction materials and other Israeli products for use in the new African republic. Israel is already cooperating with Ghana in a number of other economic fields, including a joint maritime venture, the training of Ghanians as technicians in Israel and the assignment of Israeli water resource and other specialists.

It was disclosed here too today that Ghana and Liberia will shortly open embassies in Jerusalem. The Ghanian envoy is said to have been chosen already and the Liberian will be named soon.

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