Atuabo Freeport (IFC-36685)

Countries
  • Ghana
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
LONRHO PORTS GHANA LTD
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
  • Industry and Trade
  • Mining
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 24, 2017

Disclosed by Bank Nov 16, 2015


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
This project finances the development, construction, and operation of an 'Exclusive Deepwater Petroleum and Hydrocarbon Logistics Base Port' on the coast of Ghana's Western region which will provide a range of services, mainly for the offshore oil and gas exploration and production industry.
Investment Description
  • International Finance Corporation (IFC)
Lonrho Ports Ghana Limited is seeking to develop, construct and operate the project on the basis of a 25-year concession with the Government of Ghana (approved by the Ghanaian Parliament in July 2014).
Contact Information
*No contacts available* ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/