Ghana has stolen a march on its rivals in the world of peacekeeping operations. The ministry of defence drew down in August the first instalment of a $55 million loan from Barclays that will enable it to upgrade its military equipment and secure higher-margin reimbursement from the UN for a stint in the Democratic Republic of Congo.
The arms and equipment financing enables Ghana to send in fully-equipped troops. On repayment, Ghana will still own the equipment, which it hopes to use again on peacekeeping operations.
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