Ghana - Fisheries Sub-Sector Capacity Building Project

C3-IZ ~2J7/ (+ 71 Docmaent of The World Bank FOR OMCLAL USE ONLY Rqaort No. P-65 16-G MEMORANDUM AND RECOMMENDATION OF TOE INTERNATIONAL DEVELOPMENT ASSOCIATION TO THE EXECUTIVE DIRECTORS OF A PROPOSED CREDIT IN THE AMOUNT EQUIVALENT TO SDR 6.2 MILLION TO THE REPUBLIC OF GEANA FOR A FISHERIES SUB-SECTOR CAPACITY BUILDING PROJECT MARCH 21, 1995 This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Banlk authorization.  CURRENCY EOUIVALENTS (December 1994) Currency Unit = Cedi US$ 1.00 = Cedi 1050 Cedi 1.00 - US$ 0.00105 WEIGHTS AND MEASURES 1 meter (m) = 3.28 feet 1 kilometer (km) = 0.62 miles I hectare (ha) = 2.47 acres (ac) 1 kilogram (kg) = 2.205 pounds i metric ton (ton) = 2,205 pounds ABBREVIA DOF Department of Fisheries (MOFA) EEZ Exclusive Economic Zone ERP Economic Recovery Program ERR Economic Rate of Return FFC Fish Farm Center GDP Gross Domestic Product IDA International Development Association MCS Monitoring, Control, and Surveillance MOFA Ministry of Food and Agriculture NGOs Non-Governmental Organizations NPV Net Present Value PPMED Policy, Planning, Monitoring, and Evaluation Department (MOFA) FISCAL YEAR January I to December 31  FOR OFFICLAL USE ONLY REPUBLIC OF GHANA FISHERIES SUB-SECIOR CAPACITY BUILDING PROIECT CREDIT AND PROJECT SUMMARY Borrower: Republic of Ghana ieneriniary: Ministry of Food and Agriculture Amount: SDR 6.2 million (US$9 million equivalent) Terms: Standard with 40 years maturity Vinancing Plan Local Foreign Total US$ 000 - IDA 3,027.7 5,972.3 9,000.0 Borrower 1.5000 - 1.500.0 Total Financing 4.527.7 5,972.3 10.500. Estimated Disbursement 1996 1997 1998 .i92 2000 2001 (US$ million)-- AMual 0.2 3.2 1.6 1.4 1.3 1.3 Cumulative 0.2 3.4 5.0 6.4 7.7 9.0 Economic Rate of Return: 44.8 percent Poverty Category: Not applicable MAP: IBRD 26335-Fisheries Sub-Sector Capacity Building Project  MEMORANDUM AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION TO THE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT TO THE REPUBLIC OF GHANA FOR A FISHERIES SUB-SECTOR CAPACITY BUILDING PROJECT I. I submit for your approval the following report and recommendation on a proposed development credit to the Republic of Ghana for SDR 6.2 million (US$9 million equivalent). The credit would be on standard IDA terms, with a maturity of 40 years, and would finance a Fisheries Sub-Sector Capacity Building Project. 2. Country Background. After a devastating economic performance throughout the 1970s and early 1980s, the Government introduced an Economic Recovery Program (ERP) in 1983 to: (a) restore and sustain macroeconomic stability, (b) improve the efficiency of public sector resource management, and (c) create an incentive framework to enhance efficiency, encourage savings and investment, and provide an enabling environment for the private sector. 3. The Government has been implementing a program of wide-ranging financial reforms. It has abolished interest rate controls and sectoral credit ceilings, improved the legal framework governing banking activities, and introduced uniform accounting and auditing standards for all banks. The central bank is strengthening improved supervision of banks. A program to restructure the finances and management of distressed banks has been completed. The country has established a small stock exchange, and the exchange is anticipated to be a vehicle for floating shares of public enterprises that are to be divested. 4. Ghana now has a market-determined exchange rate system and a low-tariff trade regime free of quantitative restrictions. In April 1990, the Government introduced an interbank market supported by a weekly wholesale auction of foreign exchange, with a view to encouraging such transactions among banks. More than half the foreign exchange in the interbank market is supplied by the Central Bank. Foreign exchange transactions at the bureau de change were legalized in 1990 also. The spread between the interbank foreign exchange market and the bureau has continued to fall, and is currently less than 10 percent. The Government abolished the import licensing system in 1989. Tariffs on imports have been reduced substantially, and excise taxes on imports have been set at par with locally produced goods. Export taxes, except on cocoa, have been abolished. 5. The Government has succeeded in mobilizing greater public revenues through tax reform, improved tax collections, and rationalization of consumption taxes and user charges. Public investment has grown from negligible level at the beginning of the ERP to about 9 percent of GDP in 1993, and the focus has changed from direct investment in productive activities to rehabilitation of economic and social infrastructure, especially roads and human resources development. Tariff and pricing policy in the power and energy sectors have also been improved. To better rationalize the public investment program, the Ministry of Finance has established a committee, with representatives from sector ministries, which coordinates investments and policies across sectors. 6. Despite the successful impact of the ERP in restoring a healthy growth in the economy, the poverty level has not improved significantly enough to raise the standard of living of the population, generate robust demand for goods and services to trigger supply response, and lead to robust and sustained rise in private savings and investment. The large civil service, which account for 70 percent of the national budget, and its consequences on macroeconomic stability continue to be of concern. However, the Govermnent is committed to continue the economic reform program, maintain macroeconomic stability, restructure public service with a view to improving capacity to  -2- manage public expenditure and investment, promote private sector development, invest in the development of human resources and infrastructure, and accelerate the rate of economic growth as means of also alleviating poverty quickly. Ghana is expected to reach a growth rate of 5.6 percent by the turn of the century. More rapid growth can be achieved earlier if the Government can restore and maintain macroeconomic balance more quicldy, proceed expeditiously with privatization, improve capacity in the public and private sectors, and accelerate investments in infrastructure and human resources development. In the early years, most of the expected growth is likely to come from agriculture, mining, financial services and transport. Higher manufacturing growth will follow with a lag. 7. Though the Government has been making progress in restoring macroeconomic stability since the election-related fiscal shock of 1992, the macroeconomic situation remains an issue. For more than a decade, Ghana has undertaken sustained fiscal adjustment. However, in the run-up to the 1992 elections, public service wage increases and revenue slippage led to the re-emergence of large fiscal deficits and increases in money supply. Although the fiscal situation improved significantly in 1993- albeit not as much as planned--and the economy grew by 5 percent, inflation rose to 27 percent by December 1993. Lower GDP growth in 1994-due to poor rains and civil conflict in the north-and continued monetary expansion have preventecl a decline in inflation by the end of 1994. Thus, stabilization will be a key feature of the 1995 budget. 8. Tbe Agricultural Sector. Agriculture remains the dominant sector of the Ghanaian economy, contributing nearly half of the GDP and about three quarters of export earnings. It provides livelihood for about 70 percent of the population. Agriculture is the key source of public revenues and has an important impact on both public and private savings. Food expenditures account for a significant component of household budgets, and hence agriculture has significant influence on real wages, rate of inflation, private savings and investment, and overall macroeconomic perfbrmance. The fisheries sub-sector accounts ror about 5 percent of the agricultural GDP. Fish is a preferred source of animal protein in Ghana, and about 75 percent of the total production of fish is consumed domestically. Fish is the country's most important non-traditional export, with an annual volume of about 30,000 tons earning about US$17 million. 9. The resource base for sustained growth of agriculture is good, provided it is managed properly: large untapped agricultural land, good forest and fisheries resources, low population density, good climate that allows diverse agricultural activities year-round, and fairly literate and market oriented farming population. The key to change lies in continued improvement in the competitiveness of the sector, improvement of the incentive framework for expanding exports and import substitutes, accelerating growth elsewhere in the economy to generate robust demand for agricultural products, and strengthening the capacity of public institutions for policy formulation and implementation and for managing properly the natural resources. 10. In the fisheries sub-sector, Government objectives are to increase fish production for local consumption and export, consistent with the long-term sustainability of the resource; develop resource management plans for the entire fisheries sector; integrate fishing activities in the farming system through the promotion of aquaculture; privatize assets and operations of public bodies engaged in direct fishing or in the supply of fishing gear; and strengthen the Department of Fisheries (DOF) of the Ministry of Food and Agriculture (MOFA) so that it can effect /ely carry out its mandate, particularly relating to the above tasks.  - 3 - 11. PrTject Objhctive. Ile key objective of the project is to establish the long-term sustainability of the fisheries resource and thereby maximize its contribution to the economy. To achieve this objective, the project would build the capacity of the DOF for managing the sub-sector focusing on capacity for: formulating policy and management plans and their implementation; monitoring, control, surveillance, and enforcement; and promoting the development of inland fisheries. 12. Project Description. In the context of the project, the DOF would be re-organized to give prominence to resource management functions, avoid ambiguities among units, improve efficiency in the utilization of human and material resources, more clearly define authority and accountability, and improve professional job satisfaction. The project would also strengthen the capacity of the DOF in financial management, including the collection and management of fisheries levies, improved accounting and control of development funds, and proper budget planning and management. This component would account fbr 47 percent of the total project cost. 13. The project would support improved management of marine fisheries through stock assessment, and preparation of management plans and their periodic updating. The management plans are expected to focus on promotion of community-based management through the traditional leadership structure with enforcement of laws and regulations to be used for support and reinforcement of traditional authority. This component would account for 21 percent of the total project cost. 14. The project would also support improved management of inland fisheries through stock assessment and promotion of community-based management of fisheries resources in lakes, initially focusing on Lake Volta; and the expansion of aquaculture through strengthened extension in aquaculture. The extension program would be closely linked with the unified agricultural extension service. Support would also be provided to Non-Govermnental Organizations (NGOs) which are already active in the promotion of integrated agriculture-aquaculture development. This component would account for 15 percent of the total project cost. 15. The project would create active monitoring, control, and surveillance (MSC) systems in both marine and lake fisheries. The at-sea MCS function would be implemented by the Ghanaian Navy for about 60 ship-days per year; the full cost of naval MCS would be financed by the Government as part of its counterpart financial contribution to the project. The naval MCS activities would be supplemented by land-based activities which would be undertaken by the DOF. This component would account for about 17 percent of the total project cost. 16. Proiect Implementation. The project would be managed by the DOF. The Fisheries Commission (composed of representatives of the fishing industry associations; MOFA; Ministries of Transport and Communications, Defense, and Enviromment; Institute of Aquatic Biology; the Ghana Irrigation Development Authority; and four representatives of financial institutions and traders) would serve as an advisory board, providing broad policy guidelines, ensuring the incorporation of the various interest groups in the preparation of fisheries management plans, advising on enforcement of fisheries laws and regulations, and overseeing project progress. All procurement would be assigned to an existing Project Coordination Unit of MOFA, which has had sufficient experience under previous IDA-funded agricultural projects. All project-related training would be prepared and implemented in collaboration with the Manpower and Training Department of the MOFA, and the Policy, Planning, Monitoring, and Evaluation Department (PPMED) of the ministry would monitor and evaluate the project's implementation performance, and would assist the DOF in undertaking special socio-economic studies, if needed. The front-line fisheries extension activities would be  -4 - assigned to the ministry's Department of Extension, with the DOF providing the subject matter specialists. The implementation period would be five years (starting in 1996). Detailed implementation arrangements and timetables for each project component, as well as terms of reference for consultants, are set out in a Project Implementation Manual. 17. Pro3ect Sustainability. The project is sustainable. It would strengthen the institutional, policy, legal, and regulatory frameworks in order to establish the long-term sustainability of the fisheries resource and thereby maximize the sub-sector's contribution to the economy. Fisheries management plans would be prepared and implemented, there would be provisions in the revised fisheries law and regulations to enforce compliance with the management plans, communities would be encouraged to participate in the management of the resources through their traditional leadership and associations of fishers, and a strong monitoring, control, and surveillance system would be put in place to enforce compliance with the law. 18. The project would be the first comprehensive public investment in the sub-sector, although the investment is quite modest when compared with investments in recent projects in other sub-sectors. Nevertheless, it would increase the public expenditures in the sub-sector by about US$ 0.7 million per year, while also generating additional fiscal revenues which would be more than sufficient to sustain it. The institutional and policy reforms would form the foundation for private and public investment in the sub-sector for many years to come. 19. Lessons Learned from Previous Bank/IDA Involvement. The 1994 Annual Portfolio Performance Review indicated the following main difficulties in Ghana: weak management and project implementation capacity, procurement delays, inadequate and/or untimely release of counterpart funding, and insufficient donor coordination. The main focus of the proposed project would be to prioritize the role of the public sector institutions in fisheries development taking account of the limited human and financial resources, improve the capacity of the public sector institutions for planning and implementing the priority activities, and improve the data base and regulatory framework for monitoring developments in the sub-sector. The design would, therefore, be simple with sharply defined objectives. Use of standard bidding documents would be mandatory under the proposed project, and that would avoid delays in procurement; detailed procurement schedules would be prepared for all items to be financed under the project and have been agreed during negotiations. Unlike other operations, there are not too many donors involved in the fisheries sub-sector, and hence the problems of poor donor coordination in the sub-sector are not pronounced. 20. IDA's only experience in the fisheries sub-sector in Ghana was through a FY70 Fisheries Project. The project was poorly designed; it had no institutional development objective; appraisal was done without sufficient basic information on fish resources; the studies were not useful since they were beset with disagreements among the Borrower, the consultant and IDA; and it was not supervised properly. Elsewhere in the world, the Bank Group had provided US$600 million of financing for 35 free-standing fisheries projects and a further 60 fisheries components of agricultural projects in 40 countries, including 13 countries in Sub-Sahara Africa. The programs included improvement of fishing port and harbor facilities, boat-yards, workshops, access roads, fuel depots, and water supply facilities; construction of processing, storage, and other marketing facilities and of fish ponds and hatcheries; purchases of fishing vessels and gear for use by private fishermen; and technical assistance and training. About half of the projects completed achieved their intended objectives. The rest had suffered severe cost over-runs, delays in completion, did not result in strengthened fisheries institutions, and had poor records of credit repayment. The problems stemmed from technical and administrative weaknesses in the implementing agencies, and from the Bank  - 5 - Group's limited fisheries expertise and technical input di'ring the process of design, appraisal, and supervision. Similar problems continue to plague the existing portfolio. The lessons learned have been incorporated in the design of the proposed project. 21. Rationale for IDA Involvement. The proposed project is fully consistent with the Bank Group's Country Assistance Strategy (CAS), and is specifically mentioned in the CAS that was discussed by the Board on April 14, 1994. The CAS emphasized capacity building, private sector led development, improved management of natural resources and the environment, and support to programs that have short life spans and that are locally generated and owned. The focus of the proposed project would be institutional strengthening and policy reform to improve management of a key natural resource, and to enhance private sector investment in the fisheries sub-sector. In line with the CAS, the project would have a short life span of five years. The project was developed by the Government with active participation of implementing agencies, and taking account of lessons learned from previous operations (para. 25); that process ensured high quality at entry. 22. The proposed project would complement IDA's previous support for complementary activities in livestock and agricultural support services. Despite the good potential for development of both marine and inland fisheries, the sub-sector had not received previously adequate funding under the public investment program. The government is now committed to realize that potential by encouraging private investment, improving the policy and regulatory framework, and strengthening the institutional framework for public support services. In order to maintain the predominantly private sector nature of the fisheries sub-sector, government interventions would be confined to the provision of support services such as extension, research, surveillance of both foreign and domestic fishers, improved legal and regulatory framework, and infrastructure. This way, the foundation would be built for attaining the long-term potential of the sub-sector, improving the productivity and incomes of the large number of fishers and women traders and processors, and diversifying the export base. 23. Aereed Actions. Conditions of effectiveness would be: (a) recruitment by the Borrower of key professional staff of the DOF on terms and conditions which shall be acceptable to IDA at all times; (b) establishment by the Borrower in a commercial bank acceptable to IDA of a Project Account with an initial deposit of US$100,000 in local currency to cover counterpart expenditures; (c) finalization of tender documents for the procurement of vehicles and equipment under ICB, and of arrangement for the rehabilitation of a research vessel; and (d) adoption by the Borrower of a Project Implementation Plan acceptable to IDA. Other special conditions: the Borrower to: (a) not later than September 30 of each year, prepare and submit to IDA, for its review and comment, an annual training program covering the period twelve months commencing on the following January 1, make such revisions to such training program as may be appropriate, and except as IDA shall otherwise agree, carry out the training programs on the basis of such annual training programs; (b) submit to Parliament a revised fisheries legislation that shall be acceptaUle to IDA not later than June 30, 1996; (c) remove from inside the 30 meter depth line all trawlers in excess of 50 gross registered tonnage not later than June 30, 1996; (d) complete the registration of the canoe fleet not later than December 31, 1996; (e) (i) ensure that levies on all vessels other than the canoe fleet have been increased to the equivalent of one percent of the gross landed value of catch by not later than June 30, 1997, (ii) by June 30, 1998 review the experience with the initial increase including, tr alia, the adequacy of the levies and their impact on the industry, (iii) furnish the recommendations of said review to IDA for review and comments, and (iv) implement said recommendations taking into account IDA's comments; and (f) submit to IDA not later than December 31, 1996 a strategy for implementing appropriate fisheries management plans.  -6- 24. Environmental Aspcts. The environmental category is "B". The overall impact of the project would be positive. The stock assessment, management plan, improved legal and regulatory frameworks, and the strengthened capacity of Government institutions to enforce fishing laws and regulations would all be designed to promote sustainability of the fisheries resources. The project would promote environmentally sound management of the fisheries resources by communities. Use of explosives and poisons in fishing would be prohibited, and severe penalties would be imposed on those who violate the law. The extension program would include training on the harmful effects of using explosives and poisons, the potential dangers of discarding fishing gear in the waters, the impact on fishing of oil spills and the need to avoid spilling lubricants and gasoline while fishing, the importance of timely reporting to the appropriate authorities of accidental oil spills, the importance of avoiding the dumping in the ocean of human waste in the fishing villages, and other environmentally sensitive matters. Care would be taken not to introduce exotic fish and pathogens that could be carriers of communicable diseases, and to avoid the proliferation of aquatic weeds. 25. Participatory Apnroach. The project was identified and prepared by the Govermnent. First, the Government organized a national workshop on the fisheries sub-sector to review the development potential and constraints, and to reach a consensus on a broad development strategy. iollowing the workshop, a Fisheries Sub-Sector Development Strategy through the turn of this century was prepared, which was used as a basis for preparing the proposed project. The Government appointed a team of local consultants to prepare the project, which consulted extensively with farmers, associations of fishers, traders, professionals from various agriculture-related institutions, NGOs, and donors in the course of formulating the project. Lessons learned from previous operations have been incorporated in designing the project. 26. Proiect Benefits. The main benefit of the project is a major improvement in the management of the fisheries resources, which would lead to recovery of the fish stock. This, in turn, would allow for a sustainable increase of between 15,000 and 33,000 tons per year in the production of fish from the marine and inland fisheries (the lower figure, which is used for computing the Net Present Value (NPV) and Economic Rate of Return (ERR), is an estimate based on a recovery of only the demersal fishery, and the higher figure includes estimates of recovery for all fisheries); the long term biological conservation, protection and sustainability of the resource (alternatively expressed as the prevention of declines or collapses in fisheries production that would occur in the absence of an appropriate and effective fisheries managernent regime); the improvement of the economic efficiency, performance and profitability of the participants in the fishery; improvement of the institutional and policy frarneworks for sustainable development of the sub-sector; and increased contribution of the sub- sector to public revenues. The NPV, based on only the recovery of the demersal fishery and using a discount rate of 12 percent, is estimated at US$28 million. The NPV would be US$80 million if the benefits include the recovery from all fisheries. The ERR, based on only the recovery of the demersal stock, is computed at 44.8 percent. 27. Risks. The main risks are financial (shortage of counterpart funds, a general public finance problem that affects all the agricultural portfolio), institutional (the DOF is weak relative to the task at hand and although the project directly addresses this issue, changes in management and administrative processes and culture may not occur at the pace assumed), and biological (the actual recovery of the fishery resources could be adversely affected by unforeseen environmental factors such as upwelling). 28. On project finance, Government has indicated that the shortage of counterpart funds is a short-term problem, that it in no way implies the sector's low priority in the public investment program, that it does not expect the problem to continue, and that it intends to allocate the necessary  - 7 - counterpart resources in the coming budgets. Moreover, the project would generate additional public revenue, depending on the level and timing of the recovery of the fisheries, some of which could be used to finance the public expenditures in the sub-sector. Rectification of the institutional capacity weaknesses is a major component of the project and many of the actions needed to strengthen capacity of the DOF will be implemented up-front. Most of the training and technical assistance and other institution building activities are also front-loaded. During implementation, IDA and the Borrower would conduct detailed annual reviews of implementation, where the focus would be advance identification of problems and solutions, including institutional capacity and counterpart funding. The biological risks would be minimized through the environmental quality enhancement aspects of the project's design. The protection of spawning grounds from fishing, enforcement of mesh and gear standards and banning the use of traps and explosives in fishing, are designed to protect juveniles, and to enhance recruitment in the various fisheries and recovery of the fish biomass. 29. Recommendation. I am satisfied that the proposed credit would comply with the Articles of Agreement of the Association and recommend that the Executive Directors approve the proposed Credit. Lewis T. Preston President By Sven Sandstrom Washington, D.C. March 21, 1995 Attachments  -8 - Schedule A REPUBLIC OF GHANA FISHERIES SUB-SECTOR CAPACITY BUILDING PROJECT Summary of Project Cost and Financing Estimated Project Cost ComDonentlItem Local Foreign Total ~~~(US$ '000) -- Strengthening of DOF 2,507.2 1,879.8 4,387.0 Marine Fisheries Management 667.0 1,423.0 2,090.0 Inland Fisheries Management 533.8 855.2 1,389.0 Monitoring, Control & Surveillance (MCS) 356.3 1.352.3 1.708.6 Base Cost 4,064.3 5,510.3 9,574.6 Contingencies Physical 196.4 130.9 327.3 Expected Price Increases 267.0 331.1 598.1 Sub-total 463.4 462.0 925.4 Total Cost 41527.7 5.972.3 10.500. Financing Plan IDA 3,027.7 5,972.3 9,000.0 Borrower 1.500.0 - 1.500.0 Total Financing 4.527.7 5 972.3 10500.  Schedule Page 1 of 2 REPuBLIC OF GHANA FISHERIES SUB-SECTOR CAPACITY BUILDING PROJECT Procurement Procedures and Amounts Procodures and Amounts s/ Item ICB LCB Others Total (USS'000) Vehicles & 945 325 1,270 Equipment (945) (325) (1,270) Vessel Rehab. 665 - - 665 (665) (665) Civil Works - 2,610 2,610 (2,480) (2,480) Consultants - 565 565 (565) (565) Training - 1,760 1,760 (1,760) (1,760) Incremental - 2,200 2,200 Opr. (1,880) (1,880) Expenses b/ 1,430 1,430 Naval MCS, (380) (380) Acoustic Survey, & NGO Contract Total 1,610 2,610 6,280 10,500 (1,610) (2,480) (4,910) (9,000) v1 Awue. in p.mi_mm awwnv fawmad by *w IDA audh. TOindu cWhWC  - 10- Schedule B Page 2 of 2 REPUBLIC OF GHANA FISHERIES SUB-SECTOR CAPACITY BUILDING PROJECT Summary of Disbursement Schedule Category of Amount Allocated % of Expenditure to Expenditures (USS '000) be Financed Civil Works 2,100 95 Equipment & Vehicles 1,270 100/90 Training 1,760 100 Consultant Services 945 100 Vessel Rehabilitation 665 100/90 Operating Expenses 1,880 100 during 1996-1998 70 in 1999-2000. Unallocated 380 Total 9,000 _ Estimated Disbursement 1996 1997 1998 1999 2000 2001 - - (US$ million) Annual 0.2 3.2 1.6 1.4 1.3 1.3 Cumulative 0.2 3.4 5.0 6.4 7.7 9.0  - 11 - Page 1 of 1 REPUBLIC OF GHANA FISHERIES SUB-SECTOR CAPACITY BUILDING PROJECT Timetable of Kev Events (a) Time taken to prepare the project 6 months (b) Preparing Agency Ministry of Foods and Agriculture (c) First IDA Mission September 1993 (d) Appraisal Mission November 1994 (e) Negotiations February 21-22, 1995 (0 Planned Date of Effectiveness August 15, 1995 (g) Relevant PCR ASRP, Rural Finance, Oil Palm II The project was pre-appraised during July 17-August 17, 1994 by a team that included Meows. T. Hale-atinm Cream Leader) and G. Alibaruho (AF4AE); P. Mensah and C. Annor-Frempong (PMGH); and Consultant J. Swan (Flihenie Legisation) uad 1. Clark (Fauberies Management). It was appraised during November 14-December2, 1994 by Meows. T. Haile-Mariam and G. Alibaruho.  - 12 - Schedule D Page 1 of 3 REPUBLIC OF GHANA FISHERIES SUB-SECTOR CAPACITY BUILDING PROJECT Status of Bank Group Opertions (As of December 31, 1994) Amounts in USS Million (less cancellations) Loan or Credit Fiscal Numbcr Year Borrower Purpose Bank IDA Undisbursed 9 loans and 52 credits fully disbursed of 189.72 1.224.98 which SALs and Program Loans al Cr. 1393 83 Ghana Recon. Imports 40.00 0.00 F-0090 84 Ghana Expoft Rehab. 35.89 0.00 Cr. 1435 84 Ghana ExpoitRehab. 40.10 0.00 Cr. 1573 85 Ghana Recons. Import 60.00 0.00 A-0030 86 Ghana Recons. Import 26.97 0.00 Cr. 1672 86 Ghana Industrial Sector Adjust. 28.50 0.00 A-0130 86 Ghana Industrial Sector Adjust. 25.00 0.00 Cr. 1744 87 Ghana Education Sector Adjust. 34.50 0.00 Cr. 1777 87 Ghana SAC I 34.00 0.00 A-0250 87 Ghana SAC I 81.00 0.00 AOD251 88 Ghana SAC I 15.00 0.00 Cr. 1911 88 Ghana Financial Sector Adjut. 100.00 0.00 Cr. 1911-1 89 Ghana Financial Sector Adjust. 6.60 0.00 Cr. 2005 89 Ghana SAC U 120.00 0.00 Cr. 2005-1 90 Ghana SAC 1U 5.70 0.00 Cr. 2005-2 9I Ghana SAC 11 8.30 0.00 Cr. 2236-0 91 Ghana Private Invest. Promotion 120.00 0.00 Cr. 2236-1 92 Ghana Private lavet. Promotion 6.10 0.00 Cr. 2236-2 93 Ghana Private Invest. Promotion 6.54 0.00 Sub-Total 794.20 0.00 Cr. 1819 87 Ghana Petroleum Ref. & Dist. 15.00 4S5 Cr. 1847 88 Ghana Public Enterprise TA 10.50 4.08 Cr. 1854 88 Ghana Cocoa Rehabilitation 40.00 26.96 Cr. 1858 88 Ghana Transport Rehabilitation I 60.00 11.23 Cr. 1921 88 Ghana Mining Sector Rehab. 40.00 11.56 Cr. 1946 89 Ghana Telecommuncations I 19.00 3.50 Cr. 1976 * 89 Ghana Forest Rea. Management 39.40 16.94 Cr. 1996 89 Ghana Private SME Dev. 30.00 8.64 Cr. 2039 89 Ghana Water Sector Rehab. 25.00 15.10 Cr. 2040 89 Ghana Rural Finance 20.00 0.36 Cr. 2061 90 Ghana Fifth Power (1CC) 40.00 15.85  - 13 - Schedule D Page 2 of 3 REPUBLIC OF GHANA FISHERIES SUB-SECTOR CAPACITY BUILDING PROJECT Status of Bank Groug Operations (As of December 31, 1994) Amnounts in USS Million (less cancellations) Loan or Credit Ftical Number Year Borrower Purpose Bank IDA Undisburwed Cr. 2109 90 Ghana VRA/Sixth Power 20.00 17.80 Cr. 2140 * 90 Ghana Education Seclor Adjust. 11 50.00 8.17 Cr. 2157 90 Ghana Urban Ii 70.00 49.85 Cr. 2180 91 Ghana Agric. Diversification 16.50 15.10 Cr. 2192 91 Ghana Trasport Rehabilitation 11 96.00 64.63 Cr. 2193 91 Ghana Health & Population II 27.00 21.96 Cr. 2224 91 Ghanm Econ. Managcment Support 15.00 8.61 Cr. 2247 91 Ghara National Agric. Research 22.00 19.68 Cr. 2278 91 Ghana Community Secondary Schls. 14.70 2.27 Cr. 2318 * 92 Ghana Financial Sector Adjust. If 100.00 43.05 Cr. 2319 92 Ghana National Feeder Roads 55.00 49.73 Cr. 2345 * 92 Ghana Agricultural Sector Ad'. 80.00 20.98 Cr. 2346 92 Ghana Nat. Agric. Exten. 30.40 25.91 Cr. 2349 92 Ghana Lit. & Func. Skills 17.40 13.04 Cr. 2426 93 Ghana Environmental Resource Mgt. 18.10 15.88 Cr. 2428 93 Ghana Tertiary Education 45.00 41.43 Cr. 2441 93 Ghana National Livestock Services 22.45 19.89 Cr. 2467 93 Ghana National Electrification 80.00 79.78 Cr. 2498 93 Ghana Urban Transport 76.20 79.55 Cr. 2502 93 Ghana Enterprisc Developmcni 41.00 41.66 Cr. 2508 93 Ghana Primary School Development 65.10 66.20 Cr. 2345-1 b10 94 Ghara Agncultural Sector Invest. 5.74 6.06 Cr. 2555 94 Ghana Agricultural Sector Invest. 21.50 20.59 Cr. 2568-0 94 Ghana Local Goverunent Dev. 38.50 40.64 Cr. 2604 94 Ghana Coamm. Water and Sanitation 21.96 23.33 Cr. 2665 95 Ghara Private Sector Development 13.04 13.04 TOTAL 186.02 2,6C6.81 872.91 of which has been repaid 139.18 26.76 TOTAL now held by Bank and IDA 47.04 2,640.0! Amount sold 0.38 of whicb repaid 0.38 TOTAL undisbursed IZ-92A a/ Approved during of after FY80. bI Not yet effective. * SAL/SECAL or quick disbursing compoent.  - 14 - Schedule D REPUBLIC OF GHANA Page 3 of 3 FISHERIES SUB-SECTOR CAPACITY BUILDING PROJECT Statement of IFC Investments (As of December 31, 1994) Original Grass Commitment Amount in USStmillion Fiscal Year Borrower Type of Business L:an Equity Total 1985 Ashanti Goldlields Corp. Mining 55 - 55,1 1986 Keta Basin Oil Exploration Oil - 4.5 4.5bi 1987 Canadian Bogoau Resources Mining - 0.5 0.5 1989 Canadian Bogosau Resources [ Mining - 0.5 0 5 1990 Continental Acceptances Ltd. Merchant Bank - 0.9 0.9 [990 Wahame Steel Ltd. Steel Mrg. 3.2 3.2 1989190 Canadian Bogosu Resources m Mining 47.5 0.5 48d1 1990 Ashanti Goldflelds Corp. n Mining 70 - 70dr 1990 Iduapriem Mining - 3.0 3.0 1991 Alugan (AEF) Aluminum 0.3 - 0.3 1991 Plastic Laminates (AEF) Plastics 0.6 - 0.6 1991 Hotel Investments (Ghana) Ltd. Tourisn 4.2 - 4.2 1991 Dimples Inn (AEF) Tourism 0.2 - 0.2 1991 Canadian Bogosu Resources lV Mining 0.8 0.4 1.2 1991 Continental Acceptances 1 Merchant Bank 3.0 - 3.0 1991 Ohanal Aluminum - 0.4 0.4 1991 Securities Discount House Discount House - 0.2 0.2 1991 Appiah-Menkah (AEI) Soap Mfg. 09 - 0.9 1991 Iduapriem n1 Mining 365 - 36.5e. 1991 Packaite (AEE) Cardboard Mfg 0.6 - 0.6 1993 Achimota Brewery Beer Mfg. 3.5 1.0 4.5 1993 Wabome Steel 11 Steel Mfg. 2.0 - 2.0 1993 Ecobank Merchant Bank 6.0 - 6.0 1993 Continental Acceptances I Merchant Banking 5.0 - 5.0 1993 Polymex (AEF) Plastic Bags 0.4 - 0.4 1993 BMKC - Primewood (AEF) Particle Board 1.0 1.0 1993 Combined Farms (AME) Agribusiness 0.4 0.4 1993 Ashnnti Goldfields (AMEP) Mining 140.0 140.0 1993/94 Ghana Leasing Capital Markets 5.0 0.8 5.8 1994 Ghacem Cement 3.0 0.0 3.0 1994 Palm Royal (AEF) Tourism 1.0 0.0 1.0 1994 Afariwa (AEB) Agribusiness 0.4 - 0.4 1994 GHUMCO (AEE) Manufacturing 0.6 - 0.6 1995 Shangri-la Hotel Tourism 0.3 - 023 Todal Gras Commritment 391.1 12.7 404.1 Less repayments, cancellations and exchange adjustments 254.3 5.1 259A Net Commitments Held by IFC 137.1 7.6 144.7 Total Undisbursed 26.0 0.5 26.5 a saunds a USS27 wmllia PncIPsl. oi Amal fitly wi off. ./ nds a USO9.0 siS pwwiip.tk. d/ Iclde a USS35D. niiam piciFaticn. d cld USSIO.O iallia pwnicinaa.  IBRD 26335 r p sr 7 BURKINA FASO X ,,^ o^- ~~GHANA @ f )"-- -|AHD;i <iFISHERIES SUB - SECTOR CAPACITY Og t i' Eaw^zc^?^ \ 2BUILDING PROJECT 14.UPPFR ._ E. r > , IGIOAT]IN PROJECTS UPPER rnMN-TAINSVT"AOUCLTR < > s W~IE5ST / [g \SElRVICES WEST E4S T Vul. * | WIltsI( ACCUACUCUURE SATIONS Y. 0 F ISH E EL.S-ATIO5 0 0 ~~~~~~~~~~~~Ck0hmq PRMAWy ROAbs NCRTHERN r4' SECONDARY ROADS TERTIARY ROADS Dab." 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