Conformed Copy - C1854 - Cocoa Rehabilitation Project - Amendment

Page 1 July 13, 1990 His Excellency Dr. Kwasi Botchwey The Provisional National Defense Council Secretary for Finance and Economic Planning Ministry of Finance and Economic Planning P.O. Box M-40 Accra, Republic of Ghana Re: GHANA - Credit No. 1854 GH (Cocoa Rehabilitation Project) Amendments to the Development Credit Agreement Dear Dr. Botchwey: We refer to the Development Credit Agreement (Cocoa Rehabilitation Project) dated February 18, 1988, between the Republic of Ghana and the International Development Association (the Association). In order to take into account the outcome of the donors, meeting hold in Accra in October 1989 during which a revised financing plan for the above-referenced Project was agreed upon between the donors and the authorities in Ghana, the Association agrees to your request in your letter of May 15, 1990, to amend the Development Development Credit Agreement. Therefore, the table set forth in paragraph 1 of Schedule 1 to the Development Credit Agreement shall be amended to read as set forth in the Annex to this letter. Please confirm your agreement with the foregoing by signing the form of confirmation below on the enclosed copy and returning it to us. This amendment shall become effective upon receipt of the signed copy by the Association. Sincerely yours, Edwin R. Lim Director Western Africa Department CONFIRMED: REPUBLIC OF GHANA By Authorized Representative Date: August 8, 1990 Copy: Ghana Cocoa Board Accra, Ghana ANNEX SCHEDULE 1 Withdrawal of the Proceeds of the Credit 1. The table below sets forth the Categories of items to be financed out of the proceeds of the Credit, the allocation of the amounts of the Credit to each Category and the percentage of expenditures for items so to be financed in each category: Page 2 Amount of the Credit Allocated % of (Expressed in Expenditures Category SDR Equivalent) to be Financed (1)Civil works 100% of foreign expenditures and 70% of local expenditures (a) under Parts A 390,000 through H of the Project (b) under Part J of 860,000 the Project (c) under Part K of 14,160,000 the Project (2)Equipment and 100% of foreign materials: expenditures and 70% of local expenditures (a) under Parts A 80,000 through H of the Project (b) under Part I 550,000 of the Project (c) under Part J 7,900,000 of the Project (d) under Part K 0 of the Project (3)Vehicles: 100% of foreign expenditures and 75% of local expenditures (a) under Part A 160,000 through H of the Project (b) under Part I 390,000 of the Project (c) under Part J 1,250,000 of the Project (d) under Part K 310,000 of the Project (4)CSSVD incentive 0 0 (5)Farm inputs 1,640,000 100% of foreign expenditures and 90% of local expenditures (6)Consultants' services 100% and training: (a) under Parts A 470,000 through H of the Project Page 3 (b) under Part J 0 of the Project (c) under Part K 1,330,000 of the Project (7)Operating costs: 100% of foreign expenditures and 40% of local expenditures (a) under Parts A 80,000 through H of the Project (b) under Part J 0 of the Project (c) under Part K 1,100,000 of the Project (8)Unallocated 630,000 TOTAL 31,300,000