Chinese Government pledges $38M USD loan for telecommunication upgrades (linked to #1741)
Pledged amount
$ 77214065.23975474
Adjusted pledged amount
$ 77214065.23975474
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]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Ghana
Sector
Communications (Code: 220)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
On June 18, 2006, the government of China agreed to lend the Government of Ghana $38 million to help the west African country upgrade its telecommunication network. Chinese Premier Wen Jiabao offered the low-interest loan package during talks with Ghana's President John Kufuor in the Ghanaian capital, Accra. The money will be used to boost Ghana's communications infrastructure by increasing the number of phone lines and improving Internet access. The $38 million USD loan is part of a larger $66 million USD loan that will also finance medical programs, schools, and a malaria treatment facility in Ghana using Chinese expertise (captured in #1741).
Number of official sources
0
Number of total sources
3
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Ghana [Government Agency]