Ghana: Urban Poverty Reduction Project
Tunis, 12 October 2005 – The board of directors of the African Development Fund (ADF) approved a loan of 25 million Units of Account* (US$ 36 million or 330 billion Cedi) to finance the Urban Poverty Reduction Project in Ghana.
The project aims at contributing to Ghana’s efforts to achieving the Millennium Development Goal that calls for a reduction by half of the proportion of poor living on less than a dollar a day through urban poverty reduction strategies.
The project seeks to improve socio-economic growth of poor urban settlements through better participatory management, job creation, public/private partnership and governance at local level. It will help improve livelihoods in urban and peri-urban zones through increased access to basic quality services and socioeconomic infrastructure. The project will also help facilitate access to income generating activities through capacity building and strengthened urban small-scale enterprise sector.
In order to achieve these objectives, the project has four components:
- capacity building for pro-poor urban development and management;
- social capital investment support;
- urban small-scale enterprise development;
- project management and coordination.
The Bank Group's operations in Ghana started in 1973. To date, the cumulative commitment of the Group in the country amounts to US$ 1 billion for 80 operations.
- Sources of financing: ADF, government & beneficiaries
- Project zones: Accra, Kumasi, Tema, Sekondi-Takoradi, Koforidua, Akim Oda, Swedru, Apam, Kasoa, Wenchi, Agogo and Ho
- Estimated start-up date and duration: January 2006, 5 years
- Executing Agency: Social Investment Fund, Flagstaff House, P.O. Box CT 3919, Accra, Ghana, Tel.: +223 21 778921-3, Fax: +233 21 778404, E-mail: Info@sifinghana.org, Site Web: sifinghana.org
- Procurement of Goods and Services:
o National Competitive Bidding: rehabilitation/construction of revenue collection offices and MMDAs’ Planning Department offices; Contract for motorcycles, office equipment (telephone, fax, photocopiers, etc) and revenue collection equipment (safes, cash registers) for MMDAs
o International Competitive Bidding: Procurement of computers and mapping related equipments and collection revenue laptops
o National Shopping: Contracts for office furniture
o Short-Listing: all consultant services of the project.
* UA 1 = US$ 1.44946 = GHC 13,178.9 as at 01/10/2005