Israel will grant Ghana $20,000,000 in credit for the purchase of building materials and capital goods from the Jewish State, it became known here today.
Although the exact details of the transaction are in the process of being negotiated by a delegation of the Ghana Government which is currently in Israel, it is known that the credits will be advanced in four annual installments of $5,000,000.
Meanwhile, the Alliance Tire Company of Hadera revealed today that Israel will participate as a partner with an American company which is investing in rubber plantations in Ghana and Nigeria. Israel has already begun negotiations with the two governments concerned. With a supply of rubber at a moderate price assured, Israel will be in a position to compete in the world rubber and tire markets.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
