Ministry of Finance Ghana

Cotvet Educational Centre Ghana - SERV Covered Loan

Industry
Infrastructure/Education
Area of finance
Project & Infrastructure Finance
Region
Africa
Countries
Ghana

Deal Overview

Financing of the COTVET Phase I project for the Ministry of Finance – Ghana for the construction and establishment of 9 Centres of excellence for Council for Technical and Vocational Education and Training (“COTVET”), across different locations in Ghana. The Project purports to...

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Financing of the COTVET Phase I project for the Ministry of Finance – Ghana for the construction and establishment of 9 Centres of excellence for Council for Technical and Vocational Education and Training (“COTVET”), across different locations in Ghana. The Project purports to modernize and enhance the curriculum of 33 courses in 11 different sectors. The Project will focus on improving the professional working knowledge and the skill levels of the youth in Ghana to promote socioeconomic growth and national development. The loan was aligned with the Social Loan Principle as published by the LMA. The project presents a social benefit and fits under the Social Loan Principles as it establishes access to essential services (education and vocational training) in low/low-middle income countries and it fits under the Eligible Social Categories of Ghana´s Sustainable Financing Framework. The development of the social impact of the facilities will be reported to the lenders on an annual base.

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Deal Volume
$199.75m
Financial Close
19 May 2022
Sources
Submitted by participant(s), Proximo article, TXF article

All Dealmakers

Hitesh Parikh

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Dokyun Kim

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Subhashish Saha

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Sara Villamil

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Vaibhavi Thakkar

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Agnieszka BIALECKA

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Tranches


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Projects

Cotvet Educational Centre

Greenfield
Education
Africa
Ghana
$199.75m