June 2017
Closed Compact Report
Closed Compact Report: Ghana Compact
- Signed: August 1, 2006
- Entry into Force: February 16, 2007
- Compact End Date: February 16, 2012
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In August 2006, MCC and Ghana signed a $547 million compact focusing on investments to raise farmers’ incomes through private sector-led agribusiness development and major public works projects.
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Ghana is an emerging economy and a trade hub for much of West Africa, and agriculture is a mainstay of its economy, accounting for about 40 percent of the country’s gross domestic product at the time the Compact was signed.
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The Agriculture Project was designed to enhance returns from staple food and horticulture crops produced by low-income smallholder farmers and improve delivery of business and technical services to support the expansion of higher value commercial agriculture.
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The Human Development Project was designed to strengthen rural institutions that provide services complementary to and supportive of agricultural and agribusiness development.
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The Transportation Project was designed to promote access to social services and support expansion of Ghana’s export-directed horticulture base by reducing the cost of getting agricultural products to market.
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Learn how MCC and Ghana agreed to adjust compact targets due to changes in estimated costs and project progress.
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Discover MCC’s efforts to coordinate resources and expertise with other donors and international institutions as part of the Ghana Compact.
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Read the conditions that Ghana needed to meet under the terms of the compact prior to disbursing project funds.
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Understand what MCC learned from the Ghana Compact and how those lessons are applied to our programs today.