Chinese Government commits $3.8 million interest-free loan through ETCA for unspecified purposes

$3.8M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Ghana
Country	Ghana
Start Date	Jan 01, 2007
End Date	May 26, 2032
Duration	9,277 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`1780`

Grant Description

Chinese Government commits $3.8 million interest-free loan through ETCA for unspecified purposes In 2007, the Chinese Government agreed to provide a $3.8 million interest-free loan agreement to the Government of Ghana — through an Economic and Technical Cooperation Agreement (ETCA) — for unspecified purposes

📋 Staff Comments

Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20-years by default and grace period to 10-years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20-years, with a drawdown period of 5-years, grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.

📚 Sources & References

Ghana
China sign several agreements
China’s Relations with West African Countries Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.