Active Development AidData Chinese Aid

Chinese Government pledges $20 million interest-free loan to build fish-landing sites in coastal communities in Ghana

$20M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Ghana
Country	Ghana
Start Date	Oct 01, 2010
End Date	Feb 06, 2032
Duration	7,798 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`2035`

Grant Description

Chinese Government pledges $20 million interest-free loan to build fish-landing sites in coastal communities in Ghana In October 2010, the Chinese Government agreed in principle to provide a $20 million USD interest-free loan to the Government of Ghana to build fish-landing sites for coastal communities.

The Government of Ghana’s Ministry of Food and Agriculture announced that it would implement the project in the towns of Moree, Mumford, Winneba and Senya Beraku (which are all located within the Central Region). It is unclear if this pledge ever resulted in an official loan commitment.

📋 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

http://intl.ce.cn/specials/zxxx/201108/22/t20110822_22638920.shtml
FACTBOX-Chinese money to fund Ghana's energy, infrastructure
Agric
Others To Benefit From $13 Billion Chinese Facilities
Ghana in need of $16bn, http://global.factiva.com/aa/?ref=LBA0000020101026e6aq000vc&pp=1&fcpil=en&napc=S&sa_from= 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.