Conformed Copy - C3114 - Trade and Investment Gateway Project - Development Credit Agreement

Page 1 CONFORMED COPY CREDIT NUMBER 3114 GH Development Credit Agreement (Trade and Investment Gateway Project) between REPUBLIC OF GHANA and INTERNATIONAL DEVELOPMENT ASSOCIATION Dated October 7, 1998 CREDIT NUMBER 3114 GH DEVELOPMENT CREDIT AGREEMENT AGREEMENT, dated October 7, 1998, between the REPUBLIC OF GHANA (the Borrower) and the INTERNATIONAL DEVELOPMENT ASSOCIATION (the Association). WHEREAS (A) the Borrower, having satisfied itself as to the feasibility and priority of the Project described in Schedule 2 to this Agreement, has requested the Association to assist in the financing of the Project; (B) the Association has received a letter dated June 3, 1998 from the Borrower describing a program of actions, objectives and policies designed to improve its trade and investment sectors (the Program) and declaring the Borrower's commitment to the execution of the Program; and WHEREAS the Association has agreed, on the basis, inter alia, of the foregoing, to extend the Credit to the Borrower upon the terms and conditions set forth in this Agreement; NOW THEREFORE the parties hereto hereby agree as follows: ARTICLE I General Conditions; Definitions Page 2 Section 1.01. The