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- Operations
- Poverty Reduction Project
Poverty Reduction Project
Ghana
Borrower | Ghana |
Financing Type | Public Sector |
Instrument | Project Loan |
Focus Area | Multisectoral |
Approved | 01.12.1999 |
Signed | 08.06.2000 |
Status | Completed |
Loan Administrator | OPEC Fund |
Executing Agency | National Development and Planning Commission |
Co-financiers | AFDF, UNOPS, Government |
OPEC Fund Contribution (US$m) | 2.30 |
Total Project Cost (US$m) | 20.83 |
This project loan will help establish a Social Investment Fund to finance around 1,000 sub-projects proposed by beneficiary communities. Some will focus on building and rehabilitating schools, health centers, roads, and water supply systems, while others will establish credit unions to provide micro-loans to the poor, benefiting at least 500,000 individuals.