The Ghanaian Navy is to receive two refurbished Type S143 fast attack vessels from Germany.

Ghana has approved a loan agreement of $37.8m with the German shipbuilding company Lurssen Werft for the purchase of two former German Navy vessels.

Both the vessels were decommissioned by the German Navy in 2005, according to ghanaweb.com.

The bilateral agreement also involves refurbishment of the scrapped ships, supply of equipment, inventory and spares, crew training and the transportation of the ships to Ghana.

The Ghanaian Government has also approved $100m for the procurement of strategic equipment to re-equip other defence sectors of its armed forces.