Working Paper 86 - A Review of Ex - ante Poverty Impact Assessments of Macroeconomic Policies in Cameroon and Ghana

Cameroon and Ghana went through a series of stabilization and structural adjustment programs in the 1980s and 1990s that implied considerable changes to a broad range of macroeconomic polices. However, in terms of poverty reduction, little has been achieved, except more recently in Ghana. While some claim that macroeconomic stabilization has gone too far, others maintain that changes in macroeconomic policies have not gone far enough. Even though it is clear today that the developmental challenges facing most developing countries are cross-cutting and need a comprehensive set of macroeconomic...

Ghana - Afram Agricultural Development Project

Tunis, 31 May 2006 – The Board of Directors of the African Development Fund on Wednesday approved a loan of 19.97 million Units of Account (UA*) equivalent to US$ 29 million or 261 billion cedis  to help reduce poverty and improve the welfare of rural populations in Ghana. The Afram Agricultural Development Project (Eastern Region) is expected to help increase agricultural output and household incomes of the project beneficiaries. The project is intended to address the basic problems confronting the district such as the non-utilization of the vast agricultural potentials of...

Ghana: AfDB Group Supports Accra Sewerage Improvement Project

Ouagadougou, 17 May 2006 – The African Development Fund and the Government of Ghana today in Ouagadougou signed a loan agreement of 46 million Units of Account, (equivalent to US$ 68 million or 606 billion GHC)  to finance the Accra Sewerage Improvement Project. The agreement was signed by Zeinab El-Bakri, ADB Vice President of Operations, and Mr. Kwadwo Baah-Wiredu, Minister of Finance and Economic Planning of Ghana. The Accra Sewerage Improvement Project (ASIP) will provide an improved and extended sewerage and sanitation system for disposing of waste water from the city of...

African Water Facility’s first grant supports the establishment of the Volta Basin Authority

Ouagadougou, 7 April 2006-The African Water Facility (AWF) supports the formal establishment of the Volta Basin Authority (VBA) by providing its first grant of 165 000 Euros to the Volta Basin Technical Committee (VBTC) through an agreement with the Ministry of Agriculture, Hydraulics and Fisheries in Burkina Faso. "This first AWF grant is crucial for the establishment of the new Volta Basin Authority as it will facilitate the creation of a common convention between the six riparian countries Burkina Faso, Ghana, Côte d'Ivoire, Togo, Benin and Mali", says Mr. Kordjé Bedoumra, Director of...

ADF-Ghana: Poverty Reduction Support

The African Development Fund Vice-President in charge of Operations in West and Centre Regions, Mr. Bisi Ogunjobi, and Ghana’s deputy finance minister, Mr. Kwaku Aguyeman-Manu, signed an agreement today in Tunis for a loan of 44 million Units of Account* (US$ 64 million) to finance the country’s Second Poverty Reduction Support project (PRSL-II). The loan will be used to support policies and reforms aimed at creating conditions for private sector development and harnessing growth, incomes and employment, accelerating human resource development and strengthening governance...

ADF Supports Poverty Alleviation in Ghana with a loan of US $ 64 million

Tunis, 07 September 2005 – The Board of Directors of the African Development Fund, the concessional window of the African Development Bank (ADB) Group, on Wednesday in Tunis, approved a loan of 44 million Units of Account*, equivalent to US$ 64.23 million, to finance the second Poverty Reduction Support project in Ghana (PRSL-II). The loan is intended to support the Government's economic reform efforts as outlined in its Poverty Reduction Strategy Paper (GPRS) for 2003-2007. To this end, it will contribute to providing budget support to the Government of Ghana to facilitate the...

2005-2009-Ghana-Country Strategy Paper

Since the last full Country Strategy Paper (CSP) was presented to the Board on 7 May 2003, Ghana has been experiencing faster growth and declining income poverty, underpinned by a stable macroeconomic framework and far-reaching structural and Institutional reforms. Driven mainly by renewed growth (averaging over 5 percent annually), income poverty has declined by an estimated 13 points between 1999 and 2004. The protracted terms-of-trade-induced depression that dominated the decade up to the mid-1990s has now been substantially reversed. However, despite the decline in income poverty, other...

Ghana will host ADB Group Country Office

This ceremony is "a crucial moment in the reinforcement of the cooperation relationships, already excellent, that link the Bank Group to Ghana", the ADB President said. In the framework of the ADB’s decentralization policy, Ghana is part of a group of 25 countries which will shelter the field offices improving management and follow-up of the Bank projects and programmes and ensuring a better quality of assistance and dialogue to the member countries. The criteria for selection of these countries are the volume, quality, portfolio capacity as well as local Private sector potentialities...

Cofinancing Opportunity: Creation of Sustainable Tsetse and Trypanosomiasis Free Areas in Africa

The "Creation of Sustainable Tsetse and Trypanosomiasis Free Areas in West and East Africa" is a first phase project of a 37-country programme called the Pan-African Tsetse and Trypanosomiasis Eradication Campaign (PATTEC). PATTEC is one of the programmes approved by the African Union under the NEPAD Initiative. The programme strategy is based on the concept of Integrated Pest Management and the Area-Wide Approach. It will be implemented in a sustained and continuous manner through phased series of interlinked and coordinated projects. Each phase will involve as many projects at a time as the...

Ghana Reaches Completion Point in HIPC Initiative: Obtains major debt relief from the AfDB

Tunis, 1st December 2004 –The Boards of Directors of the African Development Bank (AfDB) and the African Development Fund (ADF) today agreed that Ghana had effectively met the conditions and reached the completion point under the enhanced framework of the Heavily Indebted Poor Countries (HIPC) Initiative. The Bank Group will, as a result, provide irrevocable debt relief of US$ 131 million in net present value (NPV) terms to the country. Ghana will be released from up to 80 percent of annual debt service to the Bank Group until the entire amount is delivered sometime in January 2013....

Ghana - HIPC Approval Document Completion Point under the Enhanced Framework

On July 13, 2004, Ghana became the 11th of the regional member countries (RMCs) that have reached the Completion Point under the enhanced HIPC Initiative. As a result, the Boards of Directors of the IMF and the World Bank confirmed approval of US$ 2,186 million worth of debt relief in end-2000 NPV terms for the country as agreed at the decision point in February 2002 under the enhanced HIPC framework1 . After HIPC assistance, Ghana’s NPV of debt to exports ratio as at end 2003 is estimated at 125 percent, well within the threshold of 150 percent, while similarly its NPV of debt to revenue...

Multinational - Eradication of Tsetse and Trypanosomiasis in Sub-Saharan Africa - ESIA Summay

The tsetse-transmitted Trypanosomiasis is one of the most ubiquitous and important constraints to agricultural development in the sub-humid and humid zones of Africa. Trypanosomiasis has a direct impact on livestock productivity and social welfare. Tsetse flies (Glossina spp) transmit the devastating disease known as sleeping sickness in humans and nagana in livestock, which attacks the blood and nervous system of its victims. It is present in 37 sub-Saharan African countries, covers nearly 9 million km2 and threatens about 60 million people and 48 million cattle. Sleeping sickness was under...

Ghana - Achimota-Anyinam Road Study - ESIA Summary

Sir Alexander Gibb and Partners have been commissioned by the Ghana Highway Authority to undertake a feasibility study and. thereafter the detailed engineering design for the upgrading of the road connecting Achimota to Anyinam. The design options for the road include a dual carriageway from Achimota to Nsawam, a by-pass to Nsawam, to Apedwa and minor realignments to ameliorate short comings in the existing alignment.