Chinese Government pledges $40 million loan for Fish Farming Project
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.
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Agriculture, forestry, fishing (Code: 310)
In 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
Number of unofficial sources
Receiving agencies [Type]
Government of Ghana [Government Agency]