Chinese Government pledges $20 million interest-free loan to build fish-landing sites in coastal communities in Ghana
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]
China Ministry of Commerce [Government Agency]
Agriculture, forestry, fishing (Code: 310)
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.
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
Number of unofficial sources
Receiving agencies [Type]
Government of Ghana [Government Agency]