Ghana Commercial Agriculture Project Additional Financing (WB-P162525)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Countries
  • Ghana
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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.
Voting Date
May 31, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Ministry of Food and Agriculture
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
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)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Feb 28, 2019

Disclosed by Bank Feb 1, 2018


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Project Description

According to WB website, the project aims to increase access to land, private sector finance, input and output markets by smallholder farms from private-public partnerships (PPPs) in commercial agriculture in the Accra Plains and Savannah Accelerated Development Authority (SADA) zone. The additional credit will be accompanied by a restructuring of the project, and an extension of the closing date by fifteen (15) months from September 30, 2019 to December 31, 2020. The PDO has been reviewed by removing the reference to increased access to reliable water, land, finance and agricultural input and output markets which mainly define the interventions undertaken by the project to achieve the development objectives. 

Investment Description
  • World Bank (WB)
Contact Information

Team Leader: Hardwick Tchale

Senior Agriculture Economist, World Bank

No contact information provided at the time of disclosure.

 

Borrower: Ministry of Food and Agriculture

Dr. Sagre Bambangi, Deputy Minister - Crops

Email Address: sbambangi@yahoo.co.uk

 

Implementing Agency: GCAP Project Coordination Unit

Charles Nornoo, Project Coordinator

Email Address: cnornoo@gcap.org.gh

 

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.