devinitorg/iati-policy-markers huggingface dataset:
Vegpro Ghana The IFC investment will support Vegpro Ghana (VGL or the Project), a Ghanaian company associated with Vegpro Kenya Limited (VKL or the Company), Kenyas largest vegetable producer, processor and exporter.  The Project consists of: (1) setting up of a 1,070 hectares (ha) commercial farm to produce vegetables on land leased from the Government of Ghana on a 50-year renewable lease; (2) development of 768 ha equipped with 12 Centre Pivot Irrigation Systems each covering 64 ha; (3) procurement of farm equipment and refrigerated vehicles and (4) construction of a bespoke pack house on the farm for packing and processing vegetables for export to UK and EU markets. The proposed Project will help a) create employment for up to 1500 people; b) develop the horticulture industry in Ghana; c) develop a network of suppliers of goods and services (inputs, transportation, maintenance; equipment, etc) which has industry-wide benefits; d) provide access to export market for 200 smallholder farmers which should improve their incomes and e) contribute to food security through the production of maize for the local market and increased incomes of employees and smallholders.
AEF-Antelope Co. LTD. SUMMARY OF PROJECT INFORMATION     Project Name			Ghana-Antelope Company Limited    Region				Sub-Saharan Africa    Sector				Industry/Manufacturing    Project No			007052    Projected Board Date	June 27, 1995    Company Name			Antelope Company Limited (ACL)    Technical Partner and/or Major Shareholders    	The Company is owned by Messrs. William Hardcastle (50%) and Gordon Gopaldas (50%), two experienced and reputable businessmen.  The shareholders will provide about US$0.4 million, which represents a 39% of the total project cost.    Project Cost including proposed IFC investment    	US$1.03 million equivalent.   	IFC loan:  US$633,000    Location of project and Description of site    	The Company has acquired a 4.2-acre industrial property on a 50-year leasehold term.  The land is provided with water and power connection from the industrial town of Tema.    Description of Company and Purpose of Project    	The Company was incorporated in 1992 as an Accra-based trading company, for the import and distribution of pest control products.  It imports approximately 60% of Ghana''s mosquito coil requirements.  The sponsors aim at promoting and distributing a cost effective malaria preventive method (mosquito repellent) by locally manufacturing good quality and low cost products than those currently imported.    Environmental Category and Issues    	This is a category B project according to IFC''s environmental review procedures.  Key environmental, health and safety issues that are of potential concern in this project include: chemical and insecticide handling, solid and liquid waste disposal, workplace air quality, spill prevention and general plant safety.  The sponsor has been requested to submit an environmental, health and safety management plan addressing the issues listed above.    	The Environmental Review Summary is expected to be available on June 30, 1995 at the Public Information Center.     Date SPI sent to PIC		May 31, 1995    For additional Information contact:  Corporate Relations Unit   telephone:  (202) 473-7711   facsimile:  (202) 676-0365  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
DTRT CMT Expan. The investment entails the expansion of the existing cut-make-trim (CMT) operations of DTRT Apparel Ltd (DTRT, or the Company) through the establishment of a new 31,000 sqm upgraded garment factory area to increase capacity from 50 sewing lines to 107 sewing lines by 2026 (the Project). Economy-wide effects- The Ready-Made Garments (RMG sector in West Africa was badly hit during the onset of the pandemic and it is gradually recovering. Against this backdrop, the Project is expected to have various positive economy-wide effects, including i) domestic value addition and grow exports from the region through the expansion of the CMT operations and increasing product complexity (including potential production of PPE); ii) the direct creation of 2,900 formal manufacturing jobs, mostly for women, and a larger number of indirect jobs. 

Contribution to market creation Market Competitiveness: The Project is expected to improve the sector competitiveness through the expansion of the CMT operations to achieve scale, and therefore improve the efficiency of apparel production in the West Africa region and through backward integration (the 2nd phase of the Project). The capacity for DTRT to produce fabric for other companies in phase 2 will create an additional opportunity to serve other apparel manufacturers on the African continent, particularly those that are increasingly focused on establishing West African CMT operations and would benefit from locally produced fabrics (e.g., Ghana, Nigeria, Senegal, Cote d'Ivoire). As such, as the first mover in the Ghanaian market to integrate its operations at scale, DTRT can serve a significant demonstration effect, and case study for building the textiles sector in West Africa. This could have significant ripple effects, attracting other investors and players in the region, and permitting the West African textiles sector to follow the trajectory of other successful cases (Bangladesh and Sri Lanka) and to develop in ways that will not be possible without this type of first-mover investment.
School Fin Facil The proposed project is an initiative to provide local currency financing and technical assistance to private K-12 schools in Ghana. It is the first such initiative in the education sector. IFC would provide a partial guarantee of up to 9.5 billion cedis ($1.1 million equivalent) to The Trust Bank (TTB, the Bank, or the company) on loans extended to eligible private schools in the Accra region. These loans will be used to finance construction, purchase of educational materials, and other capital expenditures.  In parallel with the financing facility, a comprehensive technical assistance program is under preparation. The program will be designed to strengthen schools financial, management, and educational capacities; improve the business environment for private education; and foster the development of an independent provider of educational services to private schools. 

Currently, few local banks are lending to private primary and secondary schools, and those that do, generally lend for less than two years. Thus, even if schools are able to secure bank financing, the tenor of that financing is generally not long enough to support expansion or modernization projects. Such projects thus proceed in a piecemeal fashion, resulting in a great deal of inefficiency and lost potential revenue. Further, expansion by such means cannot keep pace with the huge growth in demand for private schooling. IFCs guarantee would be structured to encourage the Bank to extend maturities to 3-5 years, tenors more appropriate for financing capital investments. 

Despite the impressive growth of private schools in Ghana over the past 15 years, most remain fundamentally weak in their financial and managerial capacities, as well as in their ability to develop more effective educational delivery mechanisms. The majority of schools has minimal financial expertise, weak information systems, if any, and limited opportunities for teacher training and curriculum development. The technical assistance program designed in conjunction with the financing facility is intended to address many of these shortcomings for participating schools, and, in addition, to strengthen the environment for private school operators.
Ghana Grid Company Limited Ghana Grid Company Limited (GRIDCo or the Company), the state owned electricity transmission company in Ghana (Ghana or the Country), is seeking to raise a corporate facility of up to US$170million to be utilized as follows (i) US$ 42 million  for the development of an electrical substation in Tema, Ghana and the expansion of the existing Kpong  Volta transmission lines in south-east Ghana and (ii) refinance existing debt of US$128 million  (together, the Project). IFC is considering a corporate loan of up to US$65 million for IFCs own account to the Company and mobilize the balance depending on market conditions.  The US$ 42 million component will allow the Company to evacuate power from the 350MW Kpone Thermal Power Plant (KTPP), currently under construction by Volta River Authority (a state-owned electric utility, VRA), into the national grid. Construction is expected to take 12 months. The EPC contractor will be selected via a competitive bidding process (in accordance with the World Bank procurement guidelines). Post-construction, GRIDCo will be responsible for ensuring the operations and maintenance of the substation and transmission line. Evacuation of power from KTPP will be delivered to the national grid through the new 10 kilometer transmission from Kpone to the substation in Tema. The Electricity Company of Ghana (ECG) is expected to be the main off-taker of the transmission capacity.  The refinancing component of the Project will allow the Company to optimize its financial situation and prospects by elongating the tenor of the facility (commensurate with investment needs) and providing some liquidity relief which may be used to partially prepay other existing short term debt. This in turn will help GRIDCo implement an ambitious but much-needed long-term capital investment plan to upgrade and expand the national grid. The proposed project is expected to help addressing some of the key challenges faced by the power sector in the Country and is expected to have the following development impacts: (a) Reduction in transmission system losses and improvement in quality of power supply to the general populace. (b) Increase of the transmission throughput and ultimately the number of end users served. (c) Generate revenues for the Government of Ghana through taxes. (d) Job creation both directly during the construction period through maintenance requirements and indirectly by improving the growth and competitiveness through an improved reliability of electricity supply. (e) Enable continued implementation of GRIDCo''s large capex plan and associated improved system reliability and capacity.
TICO Project The Project consists of the conversion of the Takoradi II (T2 or TICO) plant from its current 2x 110 MW simple cycle configuration to a 330 MW combined cycle plant through the addition of a 110 MW steam turbine (in addition to two heat recovery steam generators and other related equipment). T2 is currently being converted to dual fuel capability, to run both on natural gas and Light Crude Oil (LCO) -the plant has a 10-year history of successfully running on LCO only. The conversion of TICO to combined cycle operation will allow the plant to generate an additional 110 MW of power without any incremental fuel consumption.   TICO is the developer, owner and operator of the existing T2 plant.   The Project is located in Aboadze, Takoradi, in the Western Region of Ghana, on a site adjacent to an existing 330 MW thermal power plant ("Takoradi I" or T1) owned and operated by the Volta River Authority (VRA). The Project is expected to have a number of major benefits, including:  (a) Increased supply of electricity to support Ghanas growing economy at a more efficient cost  the Project involves the increase of the existing plant capacity from 220MW to 330MW, with no additional fuel requirements (since a combined cycle operation utilizes waste heat from the simple cycle generation)- with the ultimate benefit of a lower cost of energy for the consumers. (b )Further diversification of Ghana electricity supply away from over-reliance on hydro power generation (with the attendant rainfall driven variations in supply), as well as utilization of gas resources from Ghana and the region, with the planned conversion of the plant to dual fuel mode  gas and LCO.  (c) Supports the growth of private sector investment in Ghanas power sector, with positive signals for future investments. (d) Positive climate impact through avoided C02 emissions, by increasing the plants energy output capacity with no incremental fuel requirements.
Zenith Bk Ghana table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; } The proposed project consists of an investment package of: (i) a US$40 million senior loan; and (ii) a US$10 million GTFP line to Zenith Bank Ghana limited ("Zenith" or the "Bank"). Zenith Ghana was incorporated in April 2005 as a universal Bank in Ghana.   The proposed investment aims to support the growth of the Bank's SME portfolio and expand the volume of its trade finance activities. Increased access to finance: The proposed project is expected to increase access to finance for SMEs in Ghana, thereby increasing job creating and economic development
Strengthening and important player  in the Banking sector: The proposed project will improve Zenith's profile and financial strength, thereby increasing its competitiveness.
Demonstration effect: The proposed project will also play a catalytic role in increasing investments by other players in the  Ghanaian fianncial sector.
LMI Holdings Ltd The Project will provide financing to Enclave Power Company Limited (EPCL or the Company) to increase the attractiveness of the Tema Free Zones Enclave (Tema FZ) and Dawa Industrial Zone (Dawa IZ) by building (i) a 16.8 MWp capacity roof-top solar installation in Tema FZ (the Solar Plant), and (ii) the first phase of a water treatment plant in Dawa (the Water Plant) (together the Project). The Solar Plant and Water Plant will be implemented by Helios Solar Company Limited (HSC) and Southern Water Company Limited (SWC), respectively.  EPCL is a private power distribution company and a subsidiary of LMI Holdings. It is responsible for distributing about 51.31 MW (Peak Average for 2021) of power purchased from the Volta River Authority to over 80 multinational and local manufacturing companies. The
Project will improve the affordability of electricity supply in Tema FZ and
Dawa IZ, improve the quality of water supply to the Dawa IZ, and reduce the
associated CO2 emissions. The Project involves the construction of a 16.8 MWp
rooftop solar installation that contributes to improving competitiveness of the
industrial zones. It also adds a 4,000 m3/day water treatment plant, which will
serve new tenants in the Dawa IZ with reliable potable water.    

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<span style="font-size:11.0pt;font-family:"Calibri",sans-serif;mso-fareast-font-family:
Calibri;mso-fareast-theme-font:minor-latin;color:black;mso-ansi-language:EN-US;
mso-fareast-language:EN-US;mso-bidi-language:AR-SA">At a market level, the
Project will demonstrate the potential of on-site solar generation as a
cost effective, reliable, and green alternative to thermal power from the grid.
This investment will be the first private sector-led utility scale solar
project developed by a Ghanaian company that can be replicated by other
high-volume customers. The water facility also constitutes the first investment
in Ghana to develop, build and operate a private-to-industries water treatment
plant that can be replicated by similar large-scale facilities not adequately
served by the water distribution network.
Ashesi University II table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }        Ashesi University College (Ashesi) is a private not-for-profit liberal arts college in Accra, Ghana with a current student body of 800 students focused on providing quality education and promoting ethics and personal empowerment.         After having operated out of leased facilities since inception in 2002, Ashesi has relocated in 2011 in an entirely new physical campus in Berekuso, 15 miles outside of Accra. As part of its ongoing expansion program, Ashesi is seeking to raise $31.9 million to build additional facilities and expand capacity. The expansion includes the construction of a research and learning center, a student hostel, a student center, a sport center and an innovation center. Ashesi is seeking IFC financial support to help with delivering on its expansion plan. Expand access to education: The proposed Project will allow Ashesi to grow capacity and provide education to more than 1,200 students towards 2020 (of which 20% from other countries in the region).  
Promoting quality tertiary education in Ghana: By supporting Ashesi, IFC can make a meaningful contribution to the quality agenda for Ghana Higher Education and, more broadly, to that of the West African region as Ashesi is a quality provider of educational services in Ghana.
Increase affordability to education: Ashesi offers tuition grants to part of its students to promote diversity and inclusiveness. This provides the opportunity to access quality tertiary education for those who would have otherwise not be able to afford it. The proposed Project will allow Ashesi to expand capacity and in turn allow more students to benefit from such tuition grant. 
Employability: As Ashesi focuses on developing industry and job demanding majors, the proposed Project is expected to improve employability in Ghana and Sub-Saharan Africa. More than 90% of Ashesi graduates are placed in jobs or graduate programs within three months of graduation and over 90% of them work in Africa.
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          The proposed investment consists of a US$50 million senior loan for CAL Bank Ghana Limited (CAL Bank or the Bank), an indigenous bank established in 1990 and listed on the Ghana Stock Exchange. The Banks co-founders include the Commonwealth Development Corporation (CDC), African Growth Fund, Vanguard Assurance Company Limited and IFC, who held a 25% ownership stake in the Bank until it divested in 2007. The project will support CAL Banks lending to Small and Medium Enterprises (SMEs). Portions of the senior loan will be targeted at growing CAL Banks climate finance as well as its women in banking business. Stakeholders' Impact:



Provision of long term funding to borrowers, which is scarce in Ghana. It is estimated that 77% of SMEs in Ghana currently do not have access to finance and private credit as a proportion of national GDP in Ghana is relatively low as compared to other large developing economies. With 25% of the senior loan targeted at climate smart businesses and 25% at women owned enterprises, these stakeholders will benefit from access to longer tenured facilities. 




Environmental and Social Impact - Climate targets will not only create awareness and provide finance to an overlooked sector in the country, but it will assist in reducing greenhouse gas emissions.



Market Impact Assessment

Inclusiveness: A women in banking focus is generally not prevalent in the Ghanaian banking sector and targeting a portion of the senior loan to women will incentivize the bank in reaching an underserved group. The project is also expected to have demonstration effects in the banking sector, whereby other market players consider introducing products geared to women owned enterprises.
StanbicGhana PCG The project consists of an investment program which allows IFC to support the Cocoa sector in Ghana by providing partial credit guarantees (PCGs, together the IFC Guarantee or the Program) to Stanbic Ghana Limited (Stanbic Ghana), for short term working capital credit lines and guarantee facilities Stanbic Ghana extends to eligible LBCs. For the 2008/09 cocoa crop season, IFC has appraised Akuafo Adamfo Marketing Company Limited (Akuafo) and Kuapa Kokoo Limited (Kuapa) for the program. Both companies are existing Licensed Buying Companies (LBC). It may add new LBCs in subsequent crop seasons. The Project:    - will encourage efficient lending to the LBCs in the critical cocoa sector in Ghana and the timely payment to farmers for cocoa purchased will encourage them to increase cocoa production; - support the development and growth of LBCs involved in the supply chain of cocoa in Ghana by making funding available to them more efficiently;  - sustain employment in the cocoa sector, especially in the rural areas where most agricultural production takes place; - encourage the LBCs to consider expanding production financing support to the farmers due to improvements in their accessibility to funding.
GOPDC Project Ghana Oil Palm Development Company Limited (GOPDC) was established by the Government of Ghana (GoG) in 1975 and is today a leading oil palm plantation and processing company in Ghana. GOPDC produces Crude Palm Oil (CPO) and Crude Palm Kernel Oil (CPKO) mainly for the domestic market.   The proposed project would complement GOPDCs investment program which started in 2002 and allow it to expand and optimize its operations through:  - re-planting and planting of oil palm trees on its plantations and newly acquired land in Ghana;  - expansion and upgrading of its infrastructure;  - meeting additional working capital needs; and  - refinancing existing medium-term financing with a long-term loan. - The project will provide the company with long-term financing to increase production at its own plantation and improve its financial structure.  In addition, GOPDCs out-growers will benefit from improvement in the companys liquidity and increased demand for palm fruits to meet expansion in capacity. This will encourage them to increase the number of outgrower farms. GOPDC purchases raw materials from about 7,200 outgrowers.    - The planting program will create additional employment for the community as more local farmers produce raw material for the program.  - Improving operation efficiency at the plantations and processing units.  - Increasing local value addition through the new refining/fractionating plant.
SG Ghana SME SL The proposed project entails the provision of a US$50 million senior loan to Societe Generale Ghana (SG Ghana or the Bank) to support the Banks lending to Small and Medium Enterprises (SMEs) in Ghana. The most significant expected Project-level outcome is an increase in the availability of longer-term financing to underserved SMEs. IFC also anticipates that the Project has the potential to promote greater market competitiveness through demonstration of the commercial viability of lending to SMEs.
CAL Bank SME A financing package of US$20 mn for CAL Bank Ghana Limited (CAL Bank or the Bank), a bank co-founded with Commonwealth Development Corporation (CDC) and African Growth Fund, in 1990, and in which IFC was a 25% shareholder until it divested in 2007.  The investment comprises of a US$15mn 5 year senior loan to support the Banks lending to SMEs and a US$5mn trade finance to support the Banks trade finance business. 1. Access to finance - The proposed investment will widen access to finance for SMEs in Ghana, thereby increasing job creation and supporting economic growth. 2. Strengthening an important player in the banking sector - the project will improve CAL Bank''s profile and financial strength thereby increasing its competitiveness. 3. Demonstration effect - The project will play a catalytic role in increasing investments by other players in the Ghanaian financial sector.