Chinese Government pledges $40 million loan for Fish Farming Project

$40M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Ghana
Country	Ghana
Start Date	May 01, 2008
End Date	Jun 25, 2026
Duration	6,629 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`1872`

Grant Description

Chinese Government pledges $40 million loan for Fish Farming Project In May 2008, Ghana’s Ministry of Fisheries and two Chinese companies (Chinese National Fisheries Corporation and Lu Ye Fisheries) signed a memorandum of understanding (MOU) regarding a $40 million USD loan from the Chinese government.

The proceeds from the loan would be used to undertake a 2,000 hectare fish farming project on River Pra at Shama in the western region of Ghana.

The Chinese companies would provide equipment for construction works and supply the farmers with fingerlings and after harvesting buy the fish from them. It does not appear that this MOU ever resulted in an official loan commitment.

📚 Sources & References

Ghana: China earmarks 40m dollars for fish farming
The Budge Statement and Economic Policy of the Government of Ghana for 2009
Chinese Vice Minister of Agriculture Niu Dun Meets Ghanaian Minister of Fishery and His Entourage
Ministry To Contract Loan For Fish Farming
Ghana: U.S.$40 Million Loan for Fish Farming Project 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.