Ghana is to receive an amount of $190 million U.S. dollars for the second allocation of compact funds from the Millennium Challenge Corporation (MCC). This is as a result of government’s ability to meet all the required conditions to access the funds, the Millennium Development Authority said in a statement on Thursday. “Today, MCC submitted a letter acknowledging Ghana’s achievement of this milestone to the President, His Excellency Nana Addo Dankwa Akufo-Addo. Upon Entry-Into-Force of the Ghana Power Compact on September 6, 2016, MCC granted access to the first allocation of compact funds in the amount of $308.2 million U.S. Dollars. MCC’s investment in the Ghana Power Compact totals $498.2 U.S. Dollars.” A delegation led by Professor Yaa Ntiamoa-Baidu, Board Chair of MiDA, and Christopher Lamora, Charge d’Affairs and Ag. U.S. Ambassador to Ghana, presented the Letter to the Vice President, Dr. Mahamudu Bawumia, who received it on behalf of the President.
Ghana cleared to receive US$190m under MCC
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