Ghana spends $367m of MCA
By Kofi Ahovi
Ghana has so far spent about $367 million of the $547 million Millennium Challenge Account (MCA), three years after signing the compact, Business week has gathered.
The figure represents actual payments for projects executed so far.
The Government of Ghana received grant funding of approximately USD 547 million from the Millennium Challenge Corporation (MCC) of the Government of the United States of America to support a five year compact aimed at reducing poverty through modernization of agriculture in three designated areas of the country in the Northern Agricultural Area, Afram Basin Area and Southern Horticultural Belt Area.
The MCA was signed between the Millennium Challenge Corporation of the United States and the world’s poorest countries who are committed to good governance, economic freedom and investments in their citizens.
The MCC, created by the US in January 2004, is an innovative and independent U.S. foreign aid agency that is helping to lead the fight against global poverty and it provides well-performing countries with large-scale grants to fund country-led solutions for reducing poverty through sustainable economic growth, the MCC website says.
In Ghana, the Millennium Development Authority (MiDA) oversees and disburses the fund.
MiDA intends to apply parts of the proceeds of the funds to payments for Contracts for Goods, Works and Services in three programme areas, namely the Northern Agricultural Area comprising five districts: Savelugu Nanton, Tolon Kumbungu, Tamale, West Mamprusi and Karaga (the “Northern Zone”); The Afram Basin Area comprising six districts: Ejura Sekyedumasi, Kwahu South, Fanteakwa, Afram Plains, Sekyere East and Sekyere West (the “Afram Basin Zone”); and the Southern Horticultural Belt Area comprising twelve districts: Gomoa, Awutu Efutu Senya, Akuapim South, Manya Krobo, Dangme West, Yilo Krobo, Kpandu, Hohoe, Ketu, Keta, South Tongu and Akatsi (the “Southern Zone”).
MiDA has been carrying out several projects around the country in the areas of farmer and enterprise training, road construction, and school rehabilitation.
The authority also carries out regular monitoring and evaluation to ensure that the projects meet certain set objectives.
Currently under construction is the Mallam Junction-Tetteh Quashie highway which stretches about 14km. it is expected to be completed by the end in 2012.
The modernization of the highway will reduce the challenges in accessing the international airport and the Tema port with farm produce.
By Kofi Ahovi
Ghana has so far spent about $367 million of the $547 million Millennium Challenge Account (MCA), three years after signing the compact, Business week has gathered.
The figure represents actual payments for projects executed so far.
The Government of Ghana received grant funding of approximately USD 547 million from the Millennium Challenge Corporation (MCC) of the Government of the United States of America to support a five year compact aimed at reducing poverty through modernization of agriculture in three designated areas of the country in the Northern Agricultural Area, Afram Basin Area and Southern Horticultural Belt Area.
The MCA was signed between the Millennium Challenge Corporation of the United States and the world’s poorest countries who are committed to good governance, economic freedom and investments in their citizens.
The MCC, created by the US in January 2004, is an innovative and independent U.S. foreign aid agency that is helping to lead the fight against global poverty and it provides well-performing countries with large-scale grants to fund country-led solutions for reducing poverty through sustainable economic growth, the MCC website says.
In Ghana, the Millennium Development Authority (MiDA) oversees and disburses the fund.
MiDA intends to apply parts of the proceeds of the funds to payments for Contracts for Goods, Works and Services in three programme areas, namely the Northern Agricultural Area comprising five districts: Savelugu Nanton, Tolon Kumbungu, Tamale, West Mamprusi and Karaga (the “Northern Zone”); The Afram Basin Area comprising six districts: Ejura Sekyedumasi, Kwahu South, Fanteakwa, Afram Plains, Sekyere East and Sekyere West (the “Afram Basin Zone”); and the Southern Horticultural Belt Area comprising twelve districts: Gomoa, Awutu Efutu Senya, Akuapim South, Manya Krobo, Dangme West, Yilo Krobo, Kpandu, Hohoe, Ketu, Keta, South Tongu and Akatsi (the “Southern Zone”).
MiDA has been carrying out several projects around the country in the areas of farmer and enterprise training, road construction, and school rehabilitation.
The authority also carries out regular monitoring and evaluation to ensure that the projects meet certain set objectives.
Currently under construction is the Mallam Junction-Tetteh Quashie highway which stretches about 14km. it is expected to be completed by the end in 2012.
The modernization of the highway will reduce the challenges in accessing the international airport and the Tema port with farm produce.
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