Project ID: 1882

China Eximbank provides RMB 58 million government concessional loan for Phase 1 of University of Ghana ICT-Enabled Distance Learning Project at the University of Ghana (linked to #30481)

Commitment amount

$ 11045445.92

Constant 2017 USD

Summary

Funding agency [Type]

Export-Import Bank of China [State-owned Policy Bank]

Recipient

Ghana

Sector

Education (Code: 110)

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2008

Implementation

2009

2009-12-08

Actual start

Geography

Description

On September 3, 2008, China Eximbank and the Government of Ghana signed an RMB 58 million government concessional loan (GCL) agreement for Phase I of the ICT-Enabled Distance Learning Project at the University of Ghana. The agreement was signed by Ghana's Finance Minister Kwadwo Baah Wiredu and the China’s Deputy Minister of Commerce Fu Ziying. The GCL carried the following terms: 20 year maturity, 5 year grace period, and 2% interest rate. Phase 1 of the project involved the rollout of UGNet, a secure and reliable information infrastructure backbone that connects all the major buildings on the University of Ghana’s Legon Campus, and provides internet connectivity, email and IP-based services to its faculty and departments. In addition, connectivity was provided to the Accra-City Campus and the College of Health Sciences at Korle-bu. Phase 1 also involved the provision of ICT equipment, including desktops, laptops, servers and projectors to the University of Ghana. The ultimate objective of this project was to improve the quality of teaching and learning and to increase access to education. Tsinghua Unigroup was the contractor responsible for implementation. Phase I was officially launched on December 8, 2009, and budget documents from the Government of Ghana demonstrate that China Eximbank disbursed $1.62 million for this project by September 2009 and an additional $2.46 million (out of an expected $2.58 million) by September 2010. This project was ultimately completed, but its precise completion date is unknown. In June 2013, a steering committee for Phase 2 of this project was established. Phase 2 was also financed by China Eximbank (see #30481).

Additional details

This project is also known as the ICT ‐ Enabled Distance Education Project. The Chinese project title is 紫光软件加纳远程教育项目 or 清华紫光远程教育项目. One official source suggests that this loan was financed through a preferential buyer’s credit (PBC) rather than a government concessional loan (GCL).

Number of official sources

10

Number of unofficial sources

5

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Ghana [Government Agency]

Implementing agencies [Type]

Tsinghua Unigroup Co., Ltd. [State-owned Company]

Loan type

Concessional

Maturity

20 years

Interest rate

2.0%

Grace period

5 years

Grant element

53.10116182%

Gurarantee provided

No

Insurance provided

No