The World Bank
1818 H Street, N.W., Washington, D.C., 20433, USA
IDA News Release No. 95/61/AFR Contacts: Eric Chinje (202) 473-4467
Sheela Reddi (202) 473-5091
GHANA: Fisheries Sub-Sector Capacity Building Project
The following is information on a project approved by the World Bank's Board.
DATE: May 2, 1995
WORLD BANK GROUP SUPPORT: International Development Association (IDA)' credit:
SDR 6.2 million (USS9 million equivalent). The IDA credit is for 40 years, including 10 years of
grace; it carries no interest but has an annual charge of 0.75 percent on the disbursed balance and a
variable charge of up to 0.5 percent (currently zero percent) on the undisbursed balance.
TOTAL COST: USS10.5 million
OTHER PROPOSED FINANCING: Government of Ghana,US$1.5 million
IMPLEMENTING AGENCY: Department of Fisheries, Ministry of Food & Agriculture
ESTIMATED COMPLETION DATE: December 31, 2001
PROJECT DESCRIPTION: The main objective of the project is to establish the long-term
sustainability of the fisheries resource and thereby maximize its contribution to the economy. It
will strengthen the capacity of the Ministry of Food and Agriculture's Department of Fisheries for
managing the sub-sector focusing on:
* formulation of policy and management plans and their implementation;
* monitoring, control, surveillance and enforcement; and
* promotion of the development of inland fisheries.
In this context, the Department of Fisheries will be re-organized to give prominence to resource
management functions, avoid ambiguities among units, improve efficiency in the utilization of
human and material resources, more clearly define authority and accountability, and improve
professional job satisfaction. The project will also strengthen the capacity of the Department of
Fisheries in financial management, including the collection and management of fisheries levies,
improved accounting and control of development funds, and proper budget planning and
management.
'IDA (World Bank's concessionary lending affiliate) credits are denominated in SDRs (Special Drawing Rights),
which are valued on the basis ofa "basket" ofcurrencies. The U.S. dollar equivalent ofthe SDR of the IDA credit
reflects the exchange rates at the time of the negotiations of the credit
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