Ashesi Univ II (IFC-39192)

  • Ghana
Geographic location 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.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 15, 2017
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 28, 2017

Disclosed by Bank Mar 14, 2017

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
Ashesi University College (“Ashesi” or the “University”) is a private not-for-profit secular higher education provider in Ghana which began instruction in 2002. In 2009, IFC provided Ashesi with a $2.5 million loan (to relocate and build the University permanent campus in Ghana’s Eastern region approximately 25 kilometers north of the capital city of Accra, in a rural area on a land that was owned by the Berekuso community, to develop academic capacity for 600 students including campus infrastructure, academic buildings, libraries, cafeteria and dormitories for 240 students. The project successfully completed in 2011. The environmental and social information related to this previous phase was disclosed on the IFC Project Information Portal at The proposed investment (Ashesi Univesity II) includes a $10 million senior loan to Ashesi to support the construction of new educational infrastructure for the students that will include (i) a research and learning center; (ii) student hostels; (iii) a student center; (iv) an innovation center; and (iv) a sports center. The new buildings will be constructed on the existing land that was acquired and cleared by Ashesi as part of the previous phases of the project. The construction will start as soon as Ashesi gets the finance and will last for approximately 24 months.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Company: Ashesi University College Point of Contact: Casper Annie Title: Director of Logistics and Facilities Telephone Number: +233 302 610 339 Email: Mailing Address: PMB, CT3, Cantonment, Accra 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 You can learn more about the CAO and how to file a complaint at

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