LED-Ghana (IFC-601999)

Countries
  • 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
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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
Apr 5, 2018
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.
Borrower
Government of Ghana
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
Not Disclosed
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 Feb 5, 2020

Disclosed by Bank Oct 30, 2019

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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.

The objective of the Project is to improve the business practices of local small and medium enterprises and help increase their access to market opportunities, as well as improve socio-economic conditions of communities hosting oil, gas, mining, agribusiness and large infrastructure projects in 5 selected municipalities and districts in the Western Region of Ghana.

The Project will cover the following 3 components:

COMPONENT 1: Local Content Development
Build the technical, financial and operational capacity of local small and medium enterprises (including women-owned businesses), to improve their business practices and competitiveness;

COMPONENT 2: Local Economic Development

This component aims to strengthen the financial, technical and management capacity of micro, small-scale enterprises operating outside the oil, gas and mining sectors (including women and youth groups) and increase income generation. This will include a focus on supporting livelihood interventions in selected communities, and the provision of business and financial management training and other capacity building interventions;

COMPONENT 3: Institutional Capacity Building

This component aims to strengthen the capacity of identified and selected local institutions and stakeholders to improve their engagement on local economic development, and to position local women to increase their participation in decision-making at the local level. The project will therefore support the development of the identified local institutions to provide sustainable business development services to local businesses and business member associations.

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

- 1. Improved business practices of local small and medium enterprises and increased access to new market opportunities;

- 2. Strengthened technical, financial and management capacity of selected micro, small-scale enterprises (including women and youth groups) operating in non-oil, gas and mining related sectors which is expected to lead to increased income generation;

- 3. Strengthened capacity of selected local institutions and stakeholders on local economic development engagement, and increased participation of local women in social and economic decision-making in their respective communities.

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.

No contact information provided at the time of disclosure

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/

How it works

How it works