China Eximbank provides $37.5 million preferential buyer’s credit for Phase 2 of ICT-Enabled Distance Learning Project at University of Ghana (linked to #1882)

On April 30, 2012, China Eximbank and the Government of Ghana signed a $37,590,000 preferential buyer's credit (PBC) agreement for Phase 2 of the ICT-Enabled Distance Learning Project at the University of Ghana. This PBC carried the following terms: 2 percent interest rate, 19 year, 5 year grace period, and 0.75% commitment fee. The final maturity date is September 21, 2028. Phase 2 of the project involved the establishment of network infrastructure in 12 regional centers (including Accra City Campus, Koforidua, Sunyani, Takoradi, Tamale, Tsito, and Wa) across the country and the development of customized teaching software. It also involved the construction a 50-seat computer laboratory and a video conference center connected to Data Centre at the University of Ghana’s Legon Campus over the Vodafone National Fiber Backbone. On June 7, 2013, the Steering Committee for the project was inaugurated at the University of Ghana. Tsinghua Unigroup was the contractor responsible for the supply, installation, and commissioning of the ICT equipment and services that were procured through this project. The project was inaugurated at the University of Ghana on June 7, 2013. Then, on January 30, 2015, the project was officially completed and handed over to the authorities. A project completion ceremony was held on May 30, 2015. According to the Government of Ghana’s Development Cooperation Management Information System (DCMIS), 85% ($31,951,500) of the original loan commitment amount ($37,590,000) for this project had been disbursed as of February 17, 2018. China Eximbank also funded Phase 1 of the project (see Project ID#1882).

Additional details

The Chinese project title is 建的加纳大学远程教育二期项目 or 紫光软件加纳远程教育项目.

Number of official sources

9

Number of unofficial sources

5