The Export-Import Bank of the United States (EXIM US) has made available a $300 million credit to support companies operating under the One-district, One-factory (1D1F) programme.

Under the deal, EXIM US will advance loans through the Ghana Export-Import Bank (GEXIM) to the companies for the purchase of machinery and other equipment from the United States for their manufacturing activities.

The money will be disbursed to the companies through a lending structure developed by the GEXIM and the US EXIM.

Each industrial establishment or prospective company will access up to $10 million.

Source: GhanaWeb