Overview
Identification
Country
GhanaEvaluation Title
Agriculture - Credit
ID Number DDI-MCC-GHA-AG-CREDIT-v1 |
Version
Version Description
- v01: Edited, anonymous dataset for public distribution.
Overview
Abstract
This evaluation, which was part of the Agriculture Project, was canceled.
Producers and Sponsors
Primary Investigator(s)
Funding
| Name | Abbreviation | Role |
|---|
|
Millennium Challenge Corporation
| MCC | |
Metadata Production
Metadata Produced By
| Name | Abbreviation | Role |
|---|
| Millennium Challenge Corporation | MCC | Review of Metadata |
Date Produced
2016-12-01
Metadata ID Number
DDI-MCC-GHA-AG-CREDIT-v1
MCC Compact and Program
Compact or Threshold
Ghana Compact
Program
The original objective of the Credit Activity was to improve credit services for on-farm and value chain investments. The activity was canceled because: · The Agricultural Credit Program (ACP) loans were not being repaid by the beneficiaries. · There were multiple failures in management and oversight by MiDA and the Bank of Ghana (BoG). · The PFIs had poor capacity and poor internal controls over their loan portfolio. As a result, MCC requested that the Government of Ghana (GoG) refund all MCC funding disbursed for the ACP, minus amounts repayed and reallocated under the Compact. This final accounting led to the GoG reimbursing to MCC $6.9 million. In light of these existing reports, the refund, MCC having released all review responsibility, and the improbability of learning, MCC canceled any further evaluation of the Credit Activity.
MCC Sector
Agriculture and Irrigation (Ag & Irr)
Documentation in PDF