Ghana - Environmental Resource Management Project

Document of The World Bank FOR OMCLAL USE ONLY MICROFICH' COPY Report No.:P- 5815 GH Type: (PM) Title: ENVIRONMENTAL RESOURCE Author: HILL, IAN Ext.:34566 Room:J5 137 Dept.:AF4AG MEMORANDUM AND RECOMMEDATION OF THE PRESIDENT OF THE INTE1RNTIONAL DEVELOPMN ASSOCIATION TO THE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT IN THE AMOUNT EQUIVALENT TO SDR 12.6 MILLION TO THE REPUBLIC OF GHANA FOR AN ENVRONMENTAL RESOURCE NANAGEUENT PROJECT SEPTEMBER 16, 1992 This document has a restricted distnrbution and may be sed by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  CURRENCY EQUIVALENM Currency Unit = Cedi (C) US$1.00 = C395 C1,OO = US$2.54 WEIGHTS AND MEASURES 1 metric ton (m ton) = 2,205 pounds (b) I hectare (ha) = 2.47 acres (ac) 1 kilometer (kcm) = 0.62 miles (mi) I meter (m) = 3.28 feet(ff) ABBREVIATIONS DANIDA Danish International Development Agency EAP Environmental Action Plan EPC Environmental Protection Council EPC/TS Technical Secretariat of the Environmental Protection Council GEF Global Environment Facility GET Global Environment Trust Fund NGO Non-Governmena Organization ODA Overseas Development Administration, United Kingdom PNDC Provisional National Defense Council RSAU Remote Sensing Applications Unit GOVERNMET FSCAL YEAR January 1 - December 31  FOR OMCLAL USE ONLY REPUBLIC OF GHANA ENVIRONMENTAL RESOURCE MANAGEMENT PROJECT CRED1T AND PROJECT SUMMARY Borrower: The Republic of Ghana Beneficiaries: Ministries of Local Government, Lands and Natural Resources, and Agriculture Credit Amount: SDR 12.6 million (US$18.1 million equivalent) Terms: Standard, with 40 years maturity Financing Plan: Foreign Local Tot ............... (US$ millions). IDA 14.1 4.0 18.1 GEr 3.1 4.1 7.2 ODA (UK) 0.9 0.9 DANIDA 3.0 1.3 4.3 Government of Ghana _1 - 5.4 5.4 Total 21.1 14.8 35.9 [I Includes Duties and Taxes of US$1.7 million Economic Rate of Return: Not applicable Staff Appraisal Report: No. 10691-OH IBRD No. 23827 IBRD No. 23746 T l1s documenet bas a ronrked distribudoo and may be used by redpio"t oJy in the pWrounmace oft tbe oduit de; Its condetu may mt otoerwie be diosed widbou WVodd Bank authdwatkdo j  MEMORANDUM AND RECOMMENDATION OF THE PRESIENT OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION TO TE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT TO THE REPUBLIC OF GHANA FOR AN ENVIRONMENTAL RESOURCE MANAGEMENT PROJECT 1. I submit for your approval the following report and recommendation on a proposed development credit to the Republic of Ghana for SDR 12.6 million, the equivalent of US$18.1 million, on standard IDA terms with a maturity of 40 years to help finance an Environmental Resource Management Project. Additional grant financing would be provided by the Global Environmental Trust Fund (GET) and the Governments of Denmark and the United Kingdom. The Vice President, Africa Region, has approved the GEP component of the project, subject to the Board's approval of the IDA-financed project. 2. BagkgrQ1mv. A growing concern for environmental issues led the Government of Ghana to initiate the preparation of a National Environmental Policy Statement and a national Enviromental Action Plan (EAP). In formulating the plan, the Environmental Protection Council (EPC), a Government agency established in 1974, secured the active collaboration of a wide range of individuals and institutions in Ghana and the donor community, including the World Bank. In the process, EPC generated widespread awareness of the importance of the issues involved and a consensus about the need for effective action. The EAP has been completed and has been approved by the Committee of PNDC Secretaries. The major environmentat problems identified in the EAP include soil degradation and soil erosion, deforestation and forest degradation, and degradation of the natural and built environment in the coastal zone. In addition, problems associated with industrial and mining activities and rapid urbanization, notably water and air pollution, are becoming increasingly serious. The strategy for addressing these environmental problems is based on implementation of programs by sectoral agencies, with EPC having responsibility for environmental policy formulation, monitoring and coordination. 3. h Object bivesim. The primary objective of the project is to strengthen the capacity of both government and people to manage environmental resources. The project therefore focuses on improving resource management capability through reorganizing and strengthening the institutions involved in environmental resource management, in particular the Environmental Protection Council and its Technical Secretariat (EPCT). The project would also aim to develop environmental management skills in sectoral and local goverment agencies through staff training, leading to the establishment of effective inter-sectoral networks dealing with environmental issues. The development of the management system would be supported by the provision of an improved environmental information system in order to provide a better understanding of environmental relationships, and early warning of environmental pollution or degradation, coupled with public awareness campaigns. Other project objectives are to assist the users of environmental resources to invest in the maintenace of environmental assets through adoption of improved practices for the sustainable use of those resources. In particular the project would support the introduction of improved land management practices through community involvement in the planning and implementation of measures to minimize land degradation. Specific attention would be paid to the fragile ecosystems in the coastal wetlands through the recognition of five sites under the  -2 Convention on Wetlands of International Importance Especially as Waterfowl Habitat (the Ramsar Convention), and tbe establishment of a system for their management and future development. 4. prject cripion. The project is designed to support the implementation of the EAP based on: (i) the inter-sectoral nature of many environmental concerns; (ii) the fact that many areas of Government are to be decentralized to District Assemblies; (iii) the need to ensure that communities are involved in decisions about the use of environmental resources; and (iv) the fact that significant portions of the EAP are to be implemented through planned or on-going sector-specific projects supported by IDA or other external aid agencies, particularly in the forestry, urban, industrial and energy sub-sectors. The project would use capabilities in existing agencies, including NMOs, rather than attempting to create capabilities within a central agency with respons;bility for all environmental matters. Progress with policy, plannr;g, legislative and institutional actions related to land resource management, forestry and wildlife, water management, marine and coastal ecosystems, human settlements, and pollution control wIll be monitored. 5. The project would be implemented over five years and would include three main components: (1) Develmen of an Enviromental Resource Management System through: (i) Institutional support to the Technical Secretariat of EPC (EPCITS) to enable the Council to undertake its coordinating, monitoring and regulatory functions, at central and regional levels; (ii) Human Resource Development, including post-graduate education and training programs in environmental management, for staff of EPCM and sectoral agencies at central and district levels; (iii) Environmental Education based on public awareness campaigns; and (iv) Development of a national environmental information and monitoring system, providing information on environmental quality, topography, land use, climate, land suitability and land tenure. (2) Land Resources Management would support a pilot project for development of methodologies to minimize land degradation through the planning and sustainable mangement of land by communities and farmers. The pilot project would train rural sociologists and technical staff within MOA and NGOs in: methods of raising community awareness of land degradation; simple diagnostic surveys to determine degradation problems; identification of technical solutions that are acceptable to communities; and the lay-out of necessary works in the field. A land management fund would be used to provide incentives for farmers to adopt improved land management practices in the short term, until the long-term benefits become apparent. One objective of the pilot program would be to finalize criteria for use of the fund and the mechanisms for its management. (3) Coastal Wetands MU would provide for the demarcation and management of five coastal wetland sites, the Muni, Sakumo, Densu Delta, Songor, and Anlo/Keta lagoons, that are recognized as sites of international importance as habitat for migratory waterfowl. Inventory and monitoring of the ecological and socio- economic conditions of the sites would be coupled with public education programs and studies to identify forms of development that would be compatible with preserving the ecological integrity of the sites. Extal funding for this component would be provided by the GET. 6. The total cost of ths project is estimated at US$35.9 million, with a foreign exchange component of US$21.1 million (59 percent of total costs). About 60 percent of total project costs would be for development of the Environmental Resource Management System, about 18 percent for the pilot Land and Water Management program, and about 22 percent for the Coastal Wetlands Management program. The IDA credit would be for US$18.1 million, or 50 percent of project costs. GET grant funds for the Coastal Wetlands Management program  -3 - would amount to US$7.2 million, or 20 percent of project costs. Grant funds for technical assistance and training would be provided by the Overseas Development Administration (ODA) of the United Kingdom and the Danish International Development Agency (DANIDA), and the Government would contribute 10 percent of project costs, excluding duties and taxes. The breakdown of costs and finncing is shown in Schedule A. The proposed procurement arrangements and the disbursement schedule are given in Schedule B. A timetable of key project processing events and the status of Bank Group operations are given in Schedules C and D respectively. Maps are also attached. The Staff Appraisal Report No. 10691-GH, dated September 16, 1992, is being distributed separately. 7. Ptojst Mplemantation. The inter-sectoral nature of many environmental concerns and the diverse information required for effective management mean, inevitably, that a mumber of agencies have to be involved. These include the EPC/TS, agencies in the Ministries of Local Government, Lands and Natural Resources, Agriculture, and Transport and Communications, and research and university agencies. However, in each of the agencies, project funding would be used to support clearly defined activities that lie within the present mandate of each agency. To simplify project management arrangements, project activities would be grouped according to project objectives or outputs. 1ach group of activities would be overseen by a Project Operations Committee, under the overall supervision of a Project Coordination Committee. 8. EPC/m has a key role to play in project implementation and the coordination of project activities. A Senior Program Officer would be a member of each of the Project Committees to assist with the coordination of the activities overseen by the respective committees and facilitate the disbursement of project funds to implementing agencies. EPC/TS would be responsible for a single Special Account and for disbursement applications to IDA. In order to formalize project-financed linkages, Memoranda of Understanding would be drawn up between EPCiTS and the other implementing agencies that would specify the schedules and costs of provision of services and products by each agency and the payments and equipment to be provided by EPCITS for these services and products. Project implementation arrangements would be further strengthened by the agreed strategy for provision of technical assistance, based on functional linkages and the creation of institutional links. 9. Project Sustainability. The project has a strong human resource development focus, that would increase the capabilities of key agencies to plan, implement and monitor the use of environmental resources in a sustainable manner. The incremental recurrent costs due to the project would amount to US$2.3 million ia the final year of the project. Government's contribution to these costs would increase from US$0.4 million in the first year of the project to US$1.5 million in the fifth year, that is, from about 50 percent to about 70 percent of incremental recurrent costs. The development of an environmental resource management system will take time, so the project should be seen as the first phase in a longer-term institutional development program. 10. Lessons fro evious IDA QDgertions. lere has been no IDA lending in Ghana specifically for environmental operations, but much of previous IDA lending for sectoral projects has had an impact on the environment through its effect on agriculture, forestry, minig, industry, and urban development. Experience with these lending operations shows the need: (i) to involve communities in the planning and implementation of sustnable  -4- resource use; CiH) to provide a focus for the management of environmentally related matters; (ii) to agree on procedures to achieve effective coordination; (iv) to improve environmental management sdills at district as well as central levels; (v) to provide training and support to implementing agencies for procurement and disbursement; and (vi) to sustain stable macro- economic conditions. This is consistent with conclusions drawn from world-wide experience that is presented in the Progress Report for Fiscal 1991 on the World Bank and the Environment. 11. Rationale for IDA Involvement. The proposed project is consistent with the Bank strategy to assist with the implementation of the EAP by developing the institutional capability for policy making and coordination, and by providing support for the implementation of environmental protection pregrams on a sectoral basis. Tbis would protect the environment, improve the sustainability of agriculture and reduce the adverse environmental effects of urban and industrial development. By assisting to put in place the necessary mechanisms for environmental policy formulation, planning and monitoring, it would complement on-going or planned activities financed by IDA and other donors in: agriculture (adjustment lending and extension, research and livestock projects), forestry, water, urban development, mining, energy, transport and education projects. It would also help to focus donor assistance for eavironmental concerns in an integrated manner, as evidenced by GEF participation in project financing mad the willingness of both ODA and DANIDA to finance elements of the project. 12. Ageed Actions. During negotiations with Government the following assurances and agreements were obtainedi: Conditions of Project Irfectiveness. (i) The Deputy Directors of EPC/TS and the Project Financial Controller would be appointed; (ii) the agency contracting to provide specified equipment and services to the Survey Department would be identified and selected, following IDA procedures; (iii) terms of reference and procedures for the operation of the Remote Sensing Applications Unit (RSAU) within the University of Ghana would be finalized and the Head of the Unit would be appointed; (iv) the Land and Water Management Unit would be established in the Ministry of Agriculture and the staff of the Unit would be appointed; (v) Government would establish an Environmental Resource Management Project Account and would pay an initial amount of US$100,000 equivalent into the account; (vi) bilateral agreements between the Government of Ghana and the Governments of Denmark and the United Kingdom and the Global Environment Trust agreement would be effective. Conditions of Disbursement. (i) Signature of the contract between the Survey Department and the agency selected to provide the specified equipment and services for that component. Other Assurances. (i) Government's incremental contributions would be provided for all project activities in line with agreed operational plans. Government would also comply with the audit, review and reporting requirements of IDA; Di) Memoranda of understanding would be drawn up by March, 1993, between EPC/TS and other implementing agencies setting out schedules and costs for provision of agreed services or products by each agency; (iii) a human resource development plan for EPC/TS would be prepared by January, 1994; (iv) the resuts of studies and investigations of development options financed through the project would be reviewed by the Project Operations Committee and IDA. The use of the Investment Support Fund for identified developments within the coastal wetlands would be managed under terms of reference agreed with IDA; (v) a communications strategy for public awareness programs  -5 - would be prepared by EPC/rS by June 1993, and reviewed by IDA; (vi) criteria to monitor enviromuental quality and the location of sampling sites, acceptable to IDA, would be established by EPCITS by June 1993. Threshold values would be established by December 1993 and reviewed annually; (vii) the Principal of the Survey School would be appointed on a full-time basis. Qualified staff of the Survey Depatment would be identified as instructors, to the equivalent of two full-time staff, by June 1993; (viii) core staff of RSAU would be appointed by March 1993. Nomenclature and classification for land use mapping would be prepared and reviewed by IDA, by June 1994; (ix) formal boundary descriptions of the five coastl wetland sites would be completed by June 1, 1993, and the legal instrument designating the boundaries of the Ramsar sites would be prepared, reviewed by IDA, and approved by December 31, 1993; (x) the results of annual monitoring of ecological and socio- economic conditions in the coastal wetlands would be reviewed in April of each year, staring in 1994; (xi) the detailed design and management of the education and research center at Songor would be agreed by July 1995; and (xii) annual work program for all implementing agencies would be prepared by June of each year and reviewed with IDA. 13. Eviromnental Aspects. The primary objective of the project is to improve the management of environmental resources in Ghana and to introduce programs for the conservation or sustainable use of those resources. The project would, therefore, have beneficial effects on the environment. 14. Pegc Obtive Categatrim. The primary objective of the project is to improve the management of environmental resources by Government at central and district levels, by communities and by individuals. Through the implementation of programs for more sustainable use of environmental resources by individuals and communities, the project would result in long-term improvement in rural living standards and reduction in poverty. 15. Priect BenTfi. Ihe project would support Government's strategy for the sustainable use of the environment as set out in the National Environmental Policy and would assist with the implementation of important aspects of the Environmental Action Plan. It would, therefore, improve the management of environmental resources by both Government and the people. By improving the availability of information it would provide a better understanding of the environmental implications of courses of action, and early warning of environmental pollution or degradation. The project would also promote the management of environmental resources by communities in the coastal wetlands and elsewhere. Project benefits also include the preservation of ecosystems in the coastal wetlands. Project-financed studies would lead to the identification of development options that are compatible with maintaining the ecological integrity of environmentally sensitive areas and provide insights into the environmental implications of planned development strategies at national, district and local levels. 16. Economic rate of return calculations for the project are not meaningfil as the main components do not lend themselves to conventional rate of retnm analysis: many of the benefits cannot be quantified and assumptions depend on whether the analysis is based on a national or global accounting stance. The pilot nature of the Land and Water Management component means that economic analysis is not appropriate. 17. Ri&. A slowing down of the pace of economic recovery that led to shortfalls in operational funding would adversely affect the project, but Government's commitment to conservation and sustinable use of the environment is clearly expressed in the National  -6 - Environmenta Policy. Another risk relates to the effectivene. of the environmental management system but the project ic designed to strengthen management processes. There are also risks related to the development of the environmental information system, but the key role played by users of te information in managing the program and the arrangements for twinning implementing agencies with foreign agencies with International experience reduces these risks. Risks are associated with the program of land and water management, as it involves Innovative approaches, but the pilot nature of the program minimizes these risks, as it allows for staff training and the development ox appropriate methodologies and their application on a limited scale. Government has formally declared its intention to recognize the five coastal vetland sites under the Ramsar Convention, but there is a risk of delay in issuing the legal instrment. However, project funds would be available to undertake the necessary survey and demarcation of boundaries. 18. ,=MM%nAt&o. I am satisfied that the proposed credit would comply with the Articles of Agreement of the Association and recommend that the Executive Directors approve it. Lewis T. Preston President At.tchments Washington D.C. September 16, 1992  -7- Schedulg A GHANA ENVIRONMENTAL RESOURCE MANAGEMENT PROJECT Estimated Costs and finandn Eln ESTMATED COSMS Component Fori Lo 9 ................. (Us$ million). 1. Development of Envionmental Resource A. Environmental Managemeat Development - nitutional Support to EPC/S 3.1 2.2 5.3 - Human Resource Development 1.4 0.4 1.8 - Enironment Education 0.3 0.5 0.8 Sub-Total 4.8 3.1 7.9 D. Envronmental hIormon System Development - Envirmental Quality 1.4 0.6 2.0 - Topograhic Bas ormation 3.8 0.6 4.4 - Present Land Use 1.7 0.5 2.2 - Land Owneip 0.4 0.2 0.6 - Meteorological Information 0.6 0.1 0.7 = Land Suitability 0.4 0.1 0.5 Sub-Total 8.3 2.1 10.4 2. Land and Water Managemnt 2.7 2.8 5.5 3. Coasal Wetlands Mangemt 2.2 4.0 6.2 Total Base Cost 18.0 12.0. 30.0 Physidca Contingencies 1.2 0.7 1.9 Price Contingencies 1.9 2.1 4.0 TOTAL PROJECr COST 1/ 21., 14.8 35.9 FINANCING PLAN Foreign L oa .................. .(US$ milion). IDA 14.1 4.0 18.1 GET 3.1 4.1 7.2 ODA (UK) 0.9 0.9 DANIDA 3.0 1.3 4.3 Govenmet of Ghanal 5.4 5.4 TOTAL 21.1 14.8 35.9 11 nfcludig duties and taxes of US$1.7 million  Schdue 8 PROCUREME MEIHOD AND DISBURSENT Page 1 of 2 A. Amounts and Methods of Procurernzat Emggmw cWtowly ~Li LoI outhTota DMk add"I 0v IWQE ................................. (USS M illion). TOWal 1.0 4.5 - - - S.S IDA 0.4 1.6 - - - 2.0 GET 0.4 2.2 - - - 2.6 GovenmUent 0.2 0.7 - - - O.S Vd icles Total 2.0 - 0.3 - 0.1 2.4 IDA 1.5 - 0.2 - - 1.7 GET 0.3 - 0.1 - - 0.4 Govrmt 0.2 - - - 0.1 0.3 Bauioment and Mateia Total 3.2 0.5 0.5 - - 4.2 IDA 2.2 0.2 0.3 - - 2.7 GET 0.7 0.2 0.2 - - 1.1 GovernmOet 0.3 0.1 - - - 0.4 Su=v Contmot Total 4.3 - - - - 4.3 IDA 4.1 - - - - 4.1 Government 0.2 - 0.2 _=3Tou - - 1.7 3.1 4.8 IDA - - 0.6 - - 0.6 GET - - 1.1 - - 1.1 Blateral - - - 3.1 - 3.1 Studies and Inveaations TOWal - - 2.4 - - 2.4 IDA - 2.4 - - 2.4 Tmmp- and Pubio Awaemu Total - - 1.2 1.5 - 2.7 IDA - - 0.8 - - 0.8 GET - - 0.4 - - 0.4 Bilater - - - 1.5 - 1.S Invesment Sumort and Land Manemenmt Fund Total - O.S 0.6 - 1.1 IDA - - --- GET - - 0.5 - - C.S Bilatel - - - 0.6 - 0.6 Proiect Preamtion EailAv Total - - 0.2 - - 0.2 IDA - - 0.2 - - 0.2 .Incementam Rocurnet Costs ToWl - - 4.7 - 3.6 8.3 IDA - - 3.6 - - 3.6 GET - - 1.1 - - 1.1 Government - - - - 3.6 3.6 10.5 S.0 11.5 5.2 3.7 3S.9 TOTALS IDA 8.2 1.8 8.1 - - 18.1 GET 1.4 2.4 3.4 - 7.2 Bilateal . - - - 5.2 - 5.2 Govenmenat 0.9 0.8 - - 3.7 S.4 =w mmin ,= = = a  -9 - Schedule B Page 2 of 2 B. Summar Dishursement LSchgdu Categorymount Allocated % To be Financed ..(USS m ).. Civil Works 1.7 2.4 100 70 Vehicles, Equipment, and Materials 3.9 1.3 100 90 Survey Contract 3.8 100 90 Technical Assistance 0.6 1.0 100 100 Studies and Investigaions 2.2 100 100 Trainig 0.7 0.3 100 100 Investmetnt Support and Land Management Fund 0.4 100 100 Project Preparation Facility 0.2 100 100 Incremental Recurrent Costs 3.3 0.9 70 to December 1995, 50 thereafter Unallocated 1.7 0.9 IQIAL 18.1 7.2 Et1St~ie DA and GET Disburseents Fiscal Year FY93 FY94 FY95 FY96 FY97 FY98 .................... (US$ millions). IDA Annual 2.4 4.9 4.3 3.1 2.3 1.1 Cumuladve 2.4 7.3 11.6 14.7 17.0 18.1 GET Annual 0.5 1.5 2.1 1.7 1.0 0.4 Cumulative 0.5 2.0 4.1 5.8 6.8 7.2  -10- Schedule C Page I of 1 Mmetable of KeU Prolect Processing Events Time Taken to Prepare: 20 months Project prepared by: Government of Ghana with IDA assistance 1/ First IDA Mission: June 1991 Appraisal Mission: March 1992 Negotiations: August 1992 Planned Date of Effectiveness: January 1993 List of Relevant PPARS and PCRs: None i/ This project is based on the findings of a appraisal mission tat visited Ghaa in March 1992, comprising }. Hill (Mission Lader), Ms. C. Cook, Sociologist; C. Sow, Economist; K. Creighton, Conwltant Ecologist; J. Michael, Consultant Survey Specialist; and Y. Prevost (DANIDA Consultant Infonmation Specialist). P. Stromgaard, DANIDA, S. Jensen, DANIDA, P. Dobie, ODA, and Ms. P. Stone, ODA, also paftcipaed in the mission  - 11 - Schedtule D Page 1 of 3 THE STATUS OP BANK 0OUP MANONS IN GHIANA STATMORNT OF BANK LOANS AND MA CUitS w~ ~ ~ ~ ~~~~t4 .Aa ~ 1__2 , hat Tag 3com PinS.w le(k Dto Ufdlehume 10Oth".d40e,AwAwy&d4wd 1.72 919.04 Otew0 8JOhs.An Ra89 t. 0.00 Ce. 1435 a ohm IoLv ea. 400 0.00 ,. 1573 8U cum Rcnus. bn.0 0.00 A-030 6 Oh bazu. rpws* 2.9 0.00: Ce. 1612 86 0m. Jnaael etr A4t 250 0.00 Ct. 174438 Chun. zv 8u. tt4g 440 0.00 c. n 1s V SAC! i5.00 0.00 A-=5 87 Ohm SA . 81.00 0.0 *.130 86 Ohm IXdsmA" $Wt. AdJust OA0 00 A02.U 8 Obam SAC I 1.00 0.00 Cr.tSU-t 89 Ohl Pcel iSt.t A^4uL 640 0.00 Ct. 200-1 s0 Chm SAC a 5.70 0.00 COM a05 5 Oh.. SAC U 110.00 0.00 Cf. 0S0-2 89 Oam SC! .30 0.00 T ~~~~~~~~~~~~~~~~516t56 _0.oo Ct. 14 84 hm ScAd OU alMa 25.00 5.31 C. U6 85 Ohm Aad DitUt RSab. 22.00 Cr. 104 86 Mo Ptu R u40 08 ce. 79 a Ohm NoemO maw 0 0.36 Ct. 178? Om *on. Ajst &a. a"" 10.80 0.03 cr. 1t80 a Oh4a Agdeta Sbs bbb. 17.0 4.09 Ct. 18t9 17 Ghn leauh & Dw. 15.0 L-26 Cr. 14 89 Om Puba!.sspd TA 1040 .99 Ce am a MM C#st RehabWIiO 4 39.25 C5. Ian 88 Ohm TmapmIAIblhttu 0.00 5441 Ce. 14 n8 Sb psto ayo 10.0 27 Cr. 1t9 * $8 Ohm FAt SeblrAdj 10.0 2.06 of. 1921 88 O. la" Setr RRe& 40.00 1.10 er. SW so au= T*Wudvmkatww n it-~~~1900 10.91 Cr. 1W7s St " Po" VLe M_ugu 39.40 29.85 c 196 89 Ghn Pttat4w onV. 3040 21.2 C. 2059 J9 Ohm W "at tle 25.0 22L06 Cr. 4 8 9 An Rl ?m .00 15.0t Ce 0 90 hchm R P C 40.0 2902 Cf .1 90 Oh. VRIA Per 20.00 .37 Cf. * 90 Ohm x6mtwo SSae Adu. a 57.72 C.2w7 90 #- Uthes 0.00 0.85 CL 2180 91 Oblm Aid Dho0auift 164 174 Cf. 2u 9t ohm Tonq*sd2bakrilta. 9m.0 f.2 Cr.2 9aOmRt ith P& Plaol 27.00 24.62 Cr. 91 a let om."Mom".9Ws is0 W1. Cr. 2256 * 91t Om P w taut 220.00 6.40 Cr. mwi w 92 Ohm P*siw tavwmeaSqp 4.10 56 C. 2247 91 Ohs. Kat Agde. RNh* 2.0 2.42 Cr. WI 91 t hm C_Scmt Seodsyheda 14.70 1O0O Ct 2918 a2 t COhm FIsa law UM. 1 10.0 853 Ce. 319 V 92 hM Nadtu FedwI"d55.0 57.74 CLe 34 92 TM Aldet &Seat4 800 66.1 Cr. 34 V 92 mm N1 Aps. &VAL 50.40 31. C. 2S3 V 92 Oum Lit. ^ a am - 17.40 u.a TOM'. 189.712 1444 801 ,f rw. aU4 #0 t6bn od m TOTL m* hM by tmb an MA 346 21982O Ad , a o.s TOTAL mdIwges 880.16 " XA.%9Wd vv.s -- tn * SZCAL  - 12 - Schedule D Page 2 of 3 STATEMNT OF ]PC RIESTMMENS (As Of fme 30, 1992) Fiscail Amoimt in USS mlon Year Borrower .. * Type of Business Loan Equity Total 1984 Ashantdl oId&Ids Minfig 55.0 - 55.0 S Corp. 1986 KtdasInB Oil ol- 4.5 4.S Y ExPloration 1988 Cadan lgosu Ming - 0.6 0.6 Rsours Ltd. 1989 Caadl Bogosu Mining 0.4 0.4 Raiuroas U 1989 Contnena Marchant Rankng - 0.9 0.9 Accaptances Ltd. 1989 Wahoma S3tl Ltd. Sted Mtg. 3.2 - 3.2 1989 Canadian Rogosu MinIAg 47.5 0.5 48.0 3/ Reurm Er 1990 Ashant Goldfields Mling 70.0 - 70.0 4t Corp. II 1990 Iduaprie Minig - 3.0 3.0 1991 Alugan (AEF) Aluminum 0.3 - 0.3 1991 PlasUtc Laminae (AEF) Plascs 0.6 - 0.6 1991 Hote vestments Tourim 4.2 - 4.2 (rGhana) Ltd. 1991 Dimplteunn(AEF) Tourds 0.2 - 0.2 1991 Cadan ogow bMinnAg 0.8 0.4 1.2 Resourcs IV 1991 Connenal Mechat t aning 3.0 0.0 3.0 ,cetance I t991 Ghanat Alumium - 0.4 0.4 199t Securties Dicount House - 0.2 0.2 Discount House 199l Applah-Menksh (AEP) Soap Mfg. 0.9 - 0.9 1991t duaprlam I Mining 36.5 - 36.5 sr 1991 Packtitz (AEF) CardbdM. 0.6 - 0.6 1992 Hotelt IAvestMntg (swp) Toudm 1.3 - 1.3 1992 AAAnt Gold81da (swap) Mining 6.4 - 6.4 lavemmats approved but unsige as of Juno 30, 1992 Im EJura Farms Agbusa s 1.6 - 1.6 1992 Wahomo Stoo Ur Stee Mfg. 2.0 - 2.0 1992 Vims-Fr (AEF) Agdbusie 0.3 - 0.3 1992 Achimta Brewel Ber Mfg. 3.5 1.0 4.S 1992 Polytox (AEP) Pltc lags 0.4 - OA 1992 BMK-Prmewood (AEF) Pace lowd 1.0 - 1.0 1992 Combined Earms (AEF) A 0.4 - 0.4 199 Atat QoldIlds (AMEP) Minin 165.0 - 165.0 ToTAL 17;3 --7 TOWtal s Commimen 230.S 109 2411A. Lec zpammnts. vancallatons and wdw-off 33.4 4.5 37.9 Totdl Comitm Now Hold by IC 197.1 6.4 203S Total Ud&bud 3.2 1 ImInds a US27J aui. a n 2V Amh_wt Wa Uy wiUa. 3 Imlkda USS29.0 .U1W. paelpaim 4/ InoIu a USS3S.0 aiWl pStiopa&& SI hu a 1U5530.0 mUll" prstloipa.  -13 - Schedule D Page 3 of 3 GEIANA - IMPLEMWNTATION ISSUES 1. Wile Ghana's overall disbursemet performance coetinues to compare favorably with other counties in the Region, disbursements oan investment lending have been declining since FY89. Ana inaceased focus on impleenctation, omplemented with actions to address generic as well as project issues, resulted in a reversal of the trend in FY91. Key actions taken to improve perforance included a Country Implementation Review in May 1991, which led to a breakthrough in the simplification of procurement procedures and the approval process, and follow-on sector implementation reviews. The Resident Mission's supervision capacity was strengthened, and its portfolio monitorng activities increased. Intensive supervision and md-term reviews were ud to redesign slow-moving projects in accordance with Bank policy. The mpding political changes in the country have, however, deflected attention from implementation issues, especially in procurement-related activities, resulting in a slowdown of disburs nts in FY92. Notwithstanding, discuions continue at both project and higher levels of govrnment to resolve the problems. Cument plans include a CIR next year. The staus of project which are particularly slow-disbursing is discussed below. 2. Cocoa Rehabilitation (FY88). To address the administrative problems that had led to slow implementation, prect administration has been tightened, clear working relationships between implementing agencies have been established, and mechanisms have been put in place to monitor progress. However, difficulties with procurement produrs and cost increases in the roads component have caused coninued delays i implementation. Following a mid-term review in March 1992, action has been taken to edesign the project and reallocate credit funds. 3. Mining Sector Rehabilitation (FY88). The SGMC rehabilitation component has been lagging substntially owing to slow decision maldng on joint ventuing and rehabilitation of the mines. Efforts are continuing to downsize SGMC and to activate the joint venturing of the mines. Furthermore, the urgency for divestiure action is being stressed to improve SGMC's operations. 4. F (FY89). Implementation problems included weak project management, shortage of professional staff, and Govermnent uncertainty about the likely effectiveness of the technical assistance program. Actions bave been taken to enhance staff training, seek approval for an increase in incentive packaes, and restructre the technical assistance program. As a result of the nud-term review in January 1992, implementation procedures have been simplified and action taken to realocate prceeds. 5. RumlFinrnce (FY89). Although disbursements improved in FY92, drawdown on the credit line is still slower than expected owing to problems of high interest rates, high credit risk perception by both lenders and borrowers, and significant delays by the project implementation unit. The June 1992 mid-term review proposed several actions to accelerate disbursements including ways to eliminate delays in the processing of claims from participating financial institutions. 6. Water Sector Rehabilitation (FY90). There has been significant progress in resolving financial issues (tariff rates were increased in February 1992), and steps have been taken to address institutional problems. The key issue of shortage of qualified senior management staff, however, remains unresolved. Technica recomndauons have been submitted to the Provisional National Defence Council buta decision is not expected until after the elections in November 1992. After a two-year delay, physical implPementation of the project is now on track and disbursements are expected to pick up at the end of the engineerg design stage in May 1993 when the rehabilitation process begins.  BURKINAAFASOO 43AGRO -ECOLOGICAL ZONES AGRO - ECOLOGICL ZONES: SUDA SAVANNA GUINEA SAVANA Nt t Wsw 1 . + . . * TRANSmONAL DECIDUOUS FOREST COE AIN FOREST D'IVOIRE 2s,z, ,e e ~ VS>c744PS } COASTAL SAVANNA PREDOMINAN W IUVESTOCK REGIONS ISOHYETS IN mm. NATIONAL PAK AND RESERVE -0 MAJOR SECONDARY ROADS J; X w~~~~~~q a g \-os * * ' ~~~~~~~~~~~RAILROADS 8* S w RHM oREGION HEAkDQUARTERtS