Finance Minister signs three World Bank funded projects totaling US$210 million
Posted by Business in Ghana on September 25, 2012
Accra, September 25, 2012 – The Minister of Finance and Economic Planning, Dr Kwabena Duffuor today signed three world bank funded projects: Ghana Commercial Agriculture Project (US$100 million), West African Agriculture Productivity Program (US$60 million) and Urban Water project (Additional Financing of US$50 million), totaling US$210 million to support the Government of Ghanas efforts to sustain economic growth, and maintain its middle income status.
The Commercial Agriculture Project (US$100 million) The Commercial Agricultural Project, which is designed to support the implementation of above priorities, is made up of four main components: Component 2: Securing Public Private Partnerships (PPPS) and small-holder linkages in the Accra Plains (US$45.4 million) – This component will conclude transactions for PPPs in an irrigation investment in the Accra Plains. The project area includes the existing Kpong Irrigation Project as well as an expansion of an additional 7,000ha under a PPP arrangement, inclusive of commercial anchor farms and associated out-growers. Component 3: Securing Public Private Partnerships (PPPs) and small-holder linkages in the SADA Zone (US$29.3 million; to be complemented by USAID co-financing of US$35.0 million) – This component will involve support to the identification and realization of private investments in inclusive commercial agricultural arrangements in the agricultural value chain through PPPs, complementary public investments, and technical assistance concentrated in the SADA zone. Component 4: Project management including M&E (US$14.3 million; to be complemented by USAID co-financing US$7.2 million) – This component finances the operations of the project implementing agencies. It will also finance the various monitoring and evaluation and community engagement and communications functions. West African Agricultural Productivity Program (US$60 million) Component 1: Enabling Conditions for Regional Cooperation in the Generation, Dissemination and Adoption of Agricultural Technologies (US$7.9 million of which US$7.2 million IDA).This component finances the strengthening of mechanisms and procedures for the exchange of technologies, so as to allow participating countries to benefit fully from the regional cooperation in technology generation and exchange. Component 2: National Centers of Specialization – NCoS (US$28.4 million of which US$27.4 million IDA).This component aims at strengthening regional cooperation in technology generation by aligning national priorities with the regional ones. It will support the upgrading of the National Centers of Specialization (NCoS) into Regional Centers of Excellence (RCoE). It will also strengthen relevant national research centers associated with NCoS in the development of the value chain and facilitate synergies with relevant Consultative Group on International Agricultural Research (CGIAR) and other international research centers. Component 3: Support to Demand-driven Technology Generation, Dissemination and Adoption (US$84.7 million of which US$75.1 million IDA).This component involves the strengthening priority-focused demand-driven agricultural Research and Development, scale-up technology dissemination and adoption within participating countries and facilitating access to improved genetic material. Component 4: Project Coordination, Management and Monitoring and Evaluation (US$10.8 million of which US$10.3 million IDA).This component will continue to be coordinated: at the national levels by existing national coordinating units, which successfully coordinated the implementation of WAAPP-1A). Urban Water Project (Additional Financing US$50 million) |
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