10.
asked the Secretary of State for Foreign and Commonwealth Affairs what discussions the Government has had with the new régime in Ghana regarding Ghana's foreign debts.
None.
39.
asked the Secretary of State for Foreign and Commonwealth Affairs what effect the default by the Ghana Government on its debts will have on Great Britain's overseas aid to that country.
The default must have important implications for the aid programme in Ghana, but I am not yet in a position to make any announcement.
53.
asked the Secretary of State for Foreign and Commonwealth Affairs what financial contribution has been made by Her Majesty's Government towards the cost of the yacht ordered by the former President Nkrumah of Ghana.
Parliamentary authority has been sought, in respect of this frigate, in a Supplementary Estimate presented to the House today, for the release of the Government of Ghana from outstanding obligations totalling approximately ·4·8 million.
asked the Secretary of State for Foreign and Commonwealth Affairs what requests he has received from the Government of Ghana for further loans or other financial assistance.
None.
asked the Secretary of State for Foreign and Commonwealth Affairs what is the total amount of loans made by the United Kingdom Government to the Government of Ghana since independence; how much was still outstanding at the end of 1971; and what payments of capital and interest, respectively, are due to be made in each of the years 1972 to 1980.
£27 million. At 31st December, 1971, amortisation outstanding was £21·9 million and the amount un-disbursed under the loans was £3·5 million. Payments of principal and interest due to be made in each of the years 1972 to 1980:
| Voted Loans (O.D.A.) | E.C.G.D. | |||
| £000 | £000 | |||
| Principal | Interest | Principal | Interest | |
| 1972 | — | 32 | 428 | 110 |
| 1973 | 320 | 63 | 281 | 93 |
| 1974 | 575 | 201 | 269 | 135 |
| 1975 | 710 | 643 | 116 | 108 |
| 1976 | 710 | 612 | 153 | 106 |
| 1977 | 810 | 581 | 160 | 98 |
| 1978 | 810 | 549 | 170 | 90 |
| 1979 | 810 | 517 | 128 | 60 |
| 1980 | 859 | 485 | 120 | 44 |
| 5,604 | 3,683 | 1,825 | 844 | |
| Total Principal: £7,429,000. | ||||
| Total Interest: £4,527,000. | ||||
asked the Secretary of State for Foreign and Commonwealth Affairs what help has been given to Ghana under the United Kingdom overseas aid programme in each of the past five years; what forms the assistance has taken; and what forward commitments have been made.
Commodity loans for British goods and services, and a debt refinance loan (1970–72) on all concessionary terms.Disbursements were as follows:—
| Calendar year | £,000 |
| 1971 | 5,610 |
| 1970 | 4,400 |
| 1969 | 4,824 |
| 1968 | 5,083 |
| 1967 | 30 |
| £,000 | |
| 1971 | 895 |
| 1970 | 933 |
| 1969 | 910 |
| 1968 | 646 |
| 1967 | 464 |