Chinese Government pledges $20 million interest-free loan to build fish-landing sites in coastal communities in Ghana
Pledged amount
$ 27854538.715924807
Adjusted pledged amount
$ 27854538.715924807
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]
China Ministry of Commerce [Government Agency]
Recipient
Ghana
Sector
Agriculture, forestry, fishing (Code: 310)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
In October 2010, the Chinese Government agreed in principle to provide a $20 million USD interest-free loan to the Government of Ghana to build fish-landing sites for coastal communities. The Government of Ghana’s Ministry of Food and Agriculture announced that it would implement the project in the towns of Moree, Mumford, Winneba and Senya Beraku (which are all located within the Central Region). It is unclear if this pledge ever resulted in an official loan commitment.
Additional details
Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20 years by default and grace period to 10 years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20 years, with a drawdown period of 5 years, grace period of 5 years, and repayment over 10 years. AidData treats the drawdown period as providing 5 years of additional grace.
Number of official sources
0
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Ghana [Government Agency]
Loan Details
Maturity
20 years
Interest rate
0.0%
Grace period
10 years
Grant element (OECD Grant-Equiv)
71.6021%