Chinese Government commits RMB 40 million interest-free loan — through ETCA — for unspecified purposes (Linked to Record ID#2002)

¥40M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Ghana
Country	Ghana
Start Date	Dec 30, 2009
End Date	Oct 20, 2033
Duration	8,695 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`2003`

Grant Description

Chinese Government commits RMB 40 million interest-free loan — through ETCA — for unspecified purposes On December 30, 2009, the Chinese Government signed an Economic and Technical Cooperation Agreement (ETCA) with the Government Ghana, which committed an interest-free loan worth RMB 40 million for unspecified technical cooperation activities.

The loan had a maturity period of 10-years. The agreements were signed between Ghanaian Minister for Finance and Economic Planning Dr. Kwabena Duffuor and Chinese Ambassador to Ghana Mr. Yu Wenzhe. It is unclear how the loan proceeds were used. The ETCA was signed in addition to a Chinese Government grant worth RMB 60 million (captured in #2002).

📚 Sources & References

Government Commends China for Support
China
Ghana sign economic, technical cooperation agreements
Government commends China for support 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.