제19892호                                 관             보                   2020. 12. 7.(월요일)
     (d) In the event that the Ghanaian Government fails to make payment of all or any portion
           of the principal of the Loan or any other amount due under the Loan Agreement, the
           unpaid amount shall bear an overdue charge at the rate of two percent (2.0%) per annum
           in addition to the interest rate specified in the Loan Agreement;
     (e) The eligible source countries for the procurement of goods and services, including
           consulting services, to be financed out of the Loan shall be the Republic of Korea for the
           foreign currency portion and the Republic of Ghana for the local currency portion;
           procurement from countries other than the eligible source countries, if any, shall be set
           out in the Loan Agreement;
     (f) The suppliers of the goods and services necessary for the implementation of the project
           shall be selected through competitive bidding among Korean firms;
     (g) The consultants shall be employed through limited competitive bidding among Korean
           consulting firms;
     (h) The procurement or consulting contracts shall be concluded within eighteen (18) months
           from the effective date of each Loan Agreement;
     (i)   Details of the methods and procedures for the procurement shall be governed by the
           Loan Agreement; and
     (j) Taxes including valued-added tax (VAT), customs duties and other fiscal charges,
           excluding international levies (by international organizations of which Ghana is a member
           country), imposed in the Republic of Ghana on goods and services provided by the
           suppliers for the implementation of the project under the Loan Agreement shall be
           exempted or borne by the Ghanaian Government.
2.   The revision of any principle stated in paragraph 1 of this Article may be made with the
mutual consent of the two Governments and shall be set out in the Loan Agreement.
                                               Article 4
     Should the Loan allocated to a project be insufficient for the implementation of the project,
the Ghanaian Government shall take responsibility to provide such funds as shall be needed.
                                               Article 5
     The Loans shall be disbursed by the Bank to the Ghanaian Government, or to the suppliers
and/or consultants on behalf of the Ghanaian Government, in accordance with the disbursement
procedures set out in the Loan Agreements.
                                               Article 6
1.   The Ghanaian Government shall permit the Bank to maintain an EDCF office in the Republic
of Ghana (hereinafter referred to as the “Office”) and shall allow resident representatives
(hereinafter referred to as the “Representatives”) and EDCF staff (hereinafter referred to as the
“Staff”) to be dispatched from the Republic of Korea to discharge their duties in connection with
the Loans under this Arrangement.
2.   The Ghanaian Government shall accord the Representatives and Staff and their families, as
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