Ghana: loans for public education projects 2020

In the financial year 2020, the government of Ghana signed loans to carry out projects in the education sector. The largest commitment (nearly 157 million U.S. dollars) was intended for the establishment of the State-of-the-Art Technical and Vocational Education and Training (TVET) Centers (Facility A), credited by the ING Bank in Hong Kong. Moreover, the Ghana Accountability for Learning Outcomes Project led to the signing of a loan in the value of around 148.3 million U.S. dollars, provided by the World Bank. Furthermore, educational development loans towards the supply and installation of Integrated e-learning laboratories in Senior High Schools reached an amount of 14.5 million U.S. dollars. The latter was altogether credited by KBC Bank and Belgium Government (State to State loan).

Value of loans signed for the education sector by the government of Ghana in 2020, by project (in thousand U.S. dollars)

Project title	Loan value in thousand U.S. dollars
Establishment of the State-of-the-Art Technical and Vocational Education and Training (TVET) Centers (Facility A)	156,986.38
Ghana Accountability for Learning Outcomes Project	148,287.02
Establishment of the State-of-the-Art Technical and Vocational Education and Training (TVET) Centers (Facility B)	27,703.48
Supply and installation of Integrated e-learning laboratories in Senior High Schools in Ghana*	14,536.86
Upgrading and Enhancement of Two Technical Institutes and Four Technical High Schools - Phase III	9,890

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Release date

March 2021

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Region

Ghana

Survey time period

2020

Supplementary notes

* Calculated by Statista by adding values from the two creditors of the project, namely KBC Bank and Belgium Government.

Figures have been rounded.
Data include concessional and non-concessional loans.

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