Chinese Government pledges $38M USD loan for telecommunication upgrades (Linked to Record ID#1741)

$38M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Ghana
Country	Ghana
Start Date	Jun 18, 2006
End Date	Jan 09, 2029
Duration	8,241 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`43357`

Grant Description

Chinese Government pledges $38M USD loan for telecommunication upgrades On June 18, 2006, the government of China agreed to lend the Government of Ghana $38 million to help the west African country upgrade its telecommunication network.

Chinese Premier Wen Jiabao offered the low-interest loan package during talks with Ghana's President John Kufuor in the Ghanaian capital, Accra.

The money will be used to boost Ghana's communications infrastructure by increasing the number of phone lines and improving Internet access.

The $38 million USD loan is part of a larger $66 million USD loan that will also finance medical programs, schools, and a malaria treatment facility in Ghana using Chinese expertise (captured in #1741).

📚 Sources & References

Ghana Receives Chinese Loan
VOA NEWS: CHINESE PREMIER OFFERS $38 MILLION LOAN PACKAGE TO GHANA
How China delivers development assistance to Africa 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.