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Completed Mixed AidData Chinese Aid

Poly Technologies provides $39.8 million supplier credit for Acquisition of Two 46.8 Meter Patrol Vessels Project

$39.86M USD

Funder Poly Technologies
Recipient Organization Government of Ghana
Country Ghana
Start Date Sep 23, 2008
End Date Sep 08, 2029
Duration 7,655 days
Number of Grantees 1
Roles Recipient
Data Source AidData Chinese Aid
Grant ID 73218
Grant Description

Poly Technologies provides $39.8 million supplier credit for Acquisition of Two 46.8 Meter Patrol Vessels Project On September 23, 2008, Poly Technologies — a subsidiary of China Poly Group Corporation — and the Government of Ghana signed a $39,862,066.50 supplier credit agreement for the Acquisition of Two 46.8 Meter Patrol Vessels Project.

📋 Loan / Grant Terms
💰 Loan Amountcarried the following terms: 5 year maturity
📅 Maturity5 years
⏳ Grace Period1 year
💹 Interest Rate5.9%

The proceeds from this supplier credit were used to purchase two 46.8 meter patrol vessels from Poly Technologies for the monitoring, control and surveillance operation in the fishery waters of Ghana.

The ultimate objective of this project was to enable the Ghana Navy combat and deter piracy at sea, illicit drug trafficking, dumping of toxic waste, human trafficking and illegal fishing at sea.

These vessels (called “Chemle” and “Ehoo”) were ordered in 2011 and delivered to the Ghana Navy in October 2011. The vessels were then commissioned on February 20, 2012.

📋 Staff Comments
  1. The Chinese project title is 四艘46米巡逻艇.
  2. 2008019 is the ID assigned to the loan in the Ghanaian Auditor General Reports
📚 Sources & References
  • Annual Accounts 2013 Part 31, 2013 Annual Accounts Part 2
  • ANNUAL PROGRESS REPORT F O R T H E Y E A R 2 0 1 1, 2015 Annual Accounts
  • Workshop on Fisheries ends at Akosombo
  • Docements Exposing NDC Lies
  • From The File Of Defunct Ministry Of Fisheries (2)
  • 集团公司总经理张振高出席加纳交装仪式
  • Chinese Loans to Africa Database
  • THE BUDGET STATEMENT AND ECONOMIC POLICY of the GOVERNMENT OF GHANA for the 200 9 FINANCIAL YEAR
  • Annual Report and Consolidated Financial Statements for the year ended 2017
  • THE BUDGET STATEMENT AND ECONOMIC POLICY of the GOVERNMENT OF GHANA for the 2009 FINANCIAL YEAR
  • Copy-of-2015-ANNUAL-ACCOUNTS-LAST-to-Auditors
  • Ghana orders two patrol vessels from China
  • What Mills Said When He Commissioned 4 Ghana Navy Ships
  • Ghana to receive Chinese patrol boats this month
  • GHANA: FOUR NEW VESSELS FOR NAVY TO SECURE COUNTRY’S MARITIME BOUNDARIES
  • COMMISSIONED
  • Ghana Navy, 2013 Annual Report
  • President Commissions New Patrol Boats For Fisheries Surveillance 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.
All Grantees

Government of Ghana

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