Chinese Government pledges $40 million loan for Fish Farming Project
Pledged amount
$ 60983436.87796204
Adjusted pledged amount
$ 60983436.87796204
Constant 2021 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.
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Ghana
Sector
Agriculture, forestry, fishing (Code: 310)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
In May 2008, Ghana’s Ministry of Fisheries and two Chinese companies (Chinese National Fisheries Corporation and Lu Ye Fisheries) signed a memorandum of understanding (MOU) regarding a $40 million USD loan from the Chinese government. The proceeds from the loan would be used to undertake a 2,000 hectare fish farming project on River Pra at Shama in the western region of Ghana. The Chinese companies would provide equipment for construction works and supply the farmers with fingerlings and after harvesting buy the fish from them. It does not appear that this MOU ever resulted in an official loan commitment.
Number of official sources
2
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Ghana [Government Agency]