WARFP Ghana Funding and Funds Allocation

Funding
Schedule
Funds Allocation

Funding

The implementation of the WARFP initiative in Ghana is being funded through a World Bank International Development Association (IDA) credit arrangement and a Global Environment Facility (GEF) Trust Fund grant. The total estimated cost of the project is US$ 53.8 million, and it is provided by the IDA and the GEF as follows:

  1. GEF Grant of US$3.5 million
  2. IDA Credit US$50.3 million
    • Credit Effectiveness: 28th January, 2012
    • Maturity 30 years
    • Moratorium 10 years

Schedule

  • Project Legal Effectiveness: 12th June, 2012
  • Project Operational Effectiveness: May 2013
  • Project Duration: 5 years
  • Project Closing: December 2017

Funds Allocation

Project Component

Funds Allocation (US$)

IDA

GEF
  1. Good governance and sustainable management of the fisheries

15.2

3.5
  1. Reduction of illegal fishing

10.9

0.0
  1. Increasing the contribution of the fish resources to the national economy

12.1

0.0
  1. Aquaculture development

8.0

0.0
  1. Project management, monitoring and evaluation and regional coordination

4.1

0.0

Total

50.3

3.5