GHANA POVERTY REDUCTION PROJECT/ SOCIAL INVESTMENT FUND

AFRICAN DEVELOPMENT FUND REPUBLIC OF GHANA GHANA POVERTY REDUCTION PROJECT/ SOCIAL INVESTMENT FUND PROJECT COMPLETION REPORT OPERATIONS COUNTRY DEPARTMENT CENTRAL AND WEST AFRICA FOR SOCIAL DEVELOPMENT (OCSD.1) JUNE 2006 TABLE OF CONTENTS Acronyms &Abbreviations, Executive Summary, Basic Project Data, Retrospective Project Matrix (ii – xiv) 1. INTRODUCTION................................................................................................................................1 2. PROJECT OBJECTIVES AND FORMULATION .........................................................................1 2.1 PROJECT OBJECTIVES....................................................................................................................1 2.2 PROJECT FORMULATION................................................................................................................1 2.3 PREPARATION, APPRAISAL,NEGOTIATION AND APPROVAL..........................................................2 2.4 PROJECT DESCRIPTION..................................................................................................................2 3. PROJECT EXECUTION....................................................................................................................3 3.1 EFFECTIVENESS AND START-UP ....................................................................................................3 3.2. MODIFICATIONS:...........................................................................................................................3 3.3. IMPLEMENTATION SCHEDULE:......................................................................................................3 3.4 REPORTING: ..................................................................................................................................4 3.5 PROCUREMENT:.............................................................................................................................4 3.6 FINANCIAL SOURCES AND DISBURSEMENT ...................................................................................4 4. PROJECT PERFORMANCE AND RESULTS................................................................................6 4.1 OVERALL ASSESSMENT.................................................................................................................6 4.2 OPERATING RESULTS ....................................................................................................................6 4.3 MANAGEMENT AND ORGANISATION PERFORMANCE ....................................................................7 4.4 CONDITIONS AND COVENANTS......................................................................................................7 4.5 FINANCIAL PERFORMANCE............................................................................................................8 5. SOCIAL AND ENVIRONMENTAL IMPACT................................................................................8 5.1 SOCIAL IMPACT.............................................................................................................................8 5.2 ENVIRONMENTAL IMPACT.............................................................................................................8 6. PROJECT SUSTAINABILITY..........................................................................................................9 7. PERFORMANCE OF THE BANK AND THE BORROWER........................................................9 7.1 PERFORMANCE OF THE BANK........................................................................................................9 7.2 PERFORMANCE OF THE BORROWER...............................................................................................9 8. OVERALL PERFORMANCE AND RATING.................................................................................9 9. LESSONS LEARNT, CONCLUSIONS AND RECOMMENDATIONS......................................10 9.1 LESSONS LEARNT ........................................................................................................................10 9.2 CONCLUSIONS.............................................................................................................................10 9.3 RECOMMENDATIONS...................................................................................................................11 This Project Completion Report was prepared by Ms. Nina Okagbue Principal Health Analyst, Mr. Jason Mochache, Senior Architect, Ms. Sunita Pitamber, Principal Socio-Economist, Consultant Institutional Development Expert and Consultant Architect, following their mission to Ghana in July 2005. Additional enquires on this report should be addressed to Mr. M. Youssouf, Manager, OCSD.1 (Ext. 2110) ii LIST OF TABLES Page Number Table 1: Table 2: Table 3: Table 4: Table 5: Implementation Schedule: Appraisal vs. Actual ………………………. 3 Final GPRP/SIF cost by components ………………………………….. 4 Cost by categories ……………………………………………………… 5 Sources of finance showing yearly disbursement ……………………... 5 Annual ADF disbursement ……………………………………………. 6 LIST OF ANNEXES Annex 1 Annex 2 Annex 3 Annex 4 Annex 5 Annex 6 Annex 7 Annex 8 Annex 9 Annex 10 Annex 11 Map of Ghana showing districts of GPRP/SIF operations ……………. 12 Project Implementation by component ………………………………... 13 Procurement Table …………………………………………………….. 18 Summary of Loans made to MFIs …………………………………….. 19 Yearly disbursement details …………………………………………… 20 Situation of income generating projects in some selected districts ……. 21 Changes in income situation of beneficiaries during intervention …….. 22 SIF in relation to MDGs and GPRS …………………………………… 23 Recommendations and follow-up matrix ……………………………… 24 Performance evaluation and rating ……………………………………. 25 Sources of information ………………………………………………… 26 iii LIST OF ABBREVIATIONS AND ACRONYMS ADB ADF ARB BECE BRRI CBO CBRDP CIDA COS CRI CRT DA DISPRAC DLO EIRR EU FIRR FMU GAPVOD GDP GLSS GRATIS GTZ HIPC ICB IFAD IGAs IGGs IMCPR JICA LCA LCB IGAs M&E MFI MIS NDPC NGO MIS OM PAMSCAD PCR PIMES RDP SA SIF TA TCOP UA UNDP USAID VIP African Development Bank African Development Fund Association of Rural Banks (ARB Apex Bank) Basic Education Certificate Examination Buildings and Road Research Institute Community-Based Organization Community Based Rural Development Project Canadian International Development Agency Community Outreach, Training and Capacity Building Specialist Cocoa Research Institute Criterion Reference Test District Assembly District Sub-Project Review and Approval Committee District Liaison Office Economic Internal Rate of Return European Union Financial Internal Rate of Return Fund Management Unit The Ghana Association of Private Voluntary Organizations for Development Gross Domestic Product Ghana Living Standards Survey Ghana Regional Appropriate Technology Industrial Service German Agency for Technical Co-operation Highly Indebted Poor Country International Competitive Bidding International Fund for Agricultural Development Income Generating Activities Income Generating Groups Inter-Ministerial Committee on Poverty Reduction Japanese International Co-operation Agency Local Currency Account Local Competitive Bidding Income Generation Activities Monitoring and Evaluation Micro-Finance Institution Management Information System National Development Planning Commission Non-Governmental Organization Management Information System Operations Manual Program of Actions to Mitigate the Social Costs of Adjustment Project Completion Report Participatory Impact Monitoring & Evaluation System Rural Development Programme Special Account Social Investment Fund Technical Assistance Technical Committee on Poverty Units of Account United Nations Development Programme United States Agency for International Development Village Infrastructure Project iv BASIC PROJECT DATA 1. Loan Numbers 2. Borrower 3. Beneficiary 4. Executing Agency : 2100150000347 : The Government of the Republic of Ghana : The Government of the Republic of Ghana : Social Investment Fund A. Loan 1. Loan Amount 2. Interest Rate 3. Repayment Period 4. Grace period 5. Loan Negotiation Date : 6. Loan Approval Date 7. Loan Signature Date 8. Date of Entry into Force : B. PROJECT DATA : UA 11 million : 1% (from 11th to 20th year) & 3%(thereafter) : 50 Years (including the grace period) : 10 Years November 1997 : December 10, 1997 : May 29,1998 May 4,1999 Appraisal Estimate FE LC Total 1. Total Cost 5.93 7.72 13.65 Actual Cost at PCR FE LC Total 0.11 11.58 11.69 2. Financing Plan ADF GoG Total FE LC 5.57 5.43 0.00 1.36 5.57 6.79 Total FE 11.00 0.11 1.36 0.00 12.36 0.11 LC Total 10.82 10.93 0.51 0.51 11.33 11.44 3. Effective Date of First Disbursement 18 June, 1999 4. Actual Date of First Disbursement 18 June, 1999 5. Effective Date of Last Disbursement 31 March, 2005 6. Revised Date for final Disbursement 29 March, 2005 7. Commencement of Project Implementation Activities Feb. 2000 8. Date of Completion of Project Implementation Activities 31 March 2005 C. PERFORMANCE INDICATORS 1. Cost Under-run (Loan only) 2. Time Over-run - Slippage of Effectiveness - Slippage of Completion date - Slippage of Last Disbursement - Number of extensions of Last Disbursement : 0 UA : 2 years : 2.5 years : 2.5 years : 3 v ... - tailieumienphi.vn