Project ID: 1741

Chinese premier loans Ghana US$66 million for projects (linked to #1745, #43357)

Pledged amount

$ 116386596.1

Constant 2017 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Umbrella project

This project is classified as an "umbrella" project, and is connected to related projects.

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Ghana

Sector

Unallocated/unspecified (Code: 998)

Flow type

Loan

Concessional

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2006

Description

In 2006, an unspecified sector of the Chinese Government pledges to loan the Government of Ghana $66 million USD with low interest to fund a telecommunications upgrade as well as other projects in the country, including a $38 million USD expansion and upgrading of the telecommunication network (#43357), and the construction of a primary school and a malaria center (#1745). The money is also going toward programs to send Chinese doctors and medical workers to Ghana. It is unclear if the loan was successfully used and how it was implemented.

Number of official sources

1

Number of unofficial sources

4

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Ghana [Government Agency]

Loan type

Concessional

Gurarantee provided

No

Insurance provided

No