Invest Ghana (IFC-602979)

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 30, 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
  • Agriculture and Forestry
  • Finance
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)
$ 1.50 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.
Project Cost (USD)
$ 1.50 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 Dec 17, 2018

Disclosed by Bank Dec 7, 2018

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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.

OVERVIEW
The project aims to create new markets for private investment in the agribusiness sector of Ghana. The project builds directly on the findings of the recent Country Private Sector Diagnostic (CPSD), conducted by the World Bank Group, which identifies agribusiness as one of the most promising economic sectors in Ghana. Based on an assessment of the market barriers, pre-implementation findings, and comparative advantages of IFC, the project will focus on the following three components: (i) investment promotion to identify and proactively support the entry of responsible agribusiness investors, (ii) addressing key regulatory reforms, and (iii) promotion of agri-service market opportunities.

 

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.

The objective of the Invest Ghana: Agribusiness Competitiveness Advisory Project (Invest Ghana) is to create new markets for private investment in the agribusiness sector in Ghana. The project is under the umbrella of the Invest West Africa program, a regional initiative financed by the United States Agency for International Development (USAID) and implemented by IFC. The project will target new private investment in the agribusiness sector. Outcomes tracked will include the number of commitments by private companies to invest, and the number of regulatory reforms enacted.

Recognizing that combined public and private sector engagement is critical to alleviate the key market failures, the project will link IFC and World Bank efforts to unlock commercial agribusiness opportunities in Ghana. The project also represents an effort to operationalize the findings of the recent Country Private Sector Diagnostic, conducted by the World Bank Group, which identifies agribusiness as one of the most promising sectors for IFC in Ghana.

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