Conformed Copy - TF050723 - Northern Savanna Biodiversity Conservation Project - Global Environment Facility Trust Fund Grant Agreement

Page 1 CONFORMED COPY GEF TRUST FUND GRANT NUMBER TF 050723 GH Global Environment Facility Trust Fund Grant Agreement (Northern Savanna Biodiversity Conservation Project) between REPUBLIC OF GHANA and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT acting as an Implementing Agency of the Global Environment Facility Dated April 2, 2002 GEF TRUST FUND GRANT NUMBER TF 050723 GH GLOBAL ENVIRONMENT FACILITY TRUST FUND GRANT AGREEMENT Page 2 AGREEMENT, dated April 2, 2002, between REPUBLIC OF GHANA (the Recipient) and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (the Bank) acting as an implementing agency of the Global Environment Facility (GEF) in respect of grant funds provided to the GEF Trust Fund by certain members of the Bank as participants of the GEF. WHEREAS (A) the Bank, pursuant to Resolution No. 91-5 of March 14, 1991 of the Executive Directors of the Bank, established the GEF to assist in the protection of the global environment and promote thereby environmentally sound and sustainable economic development; (B) following the restructuring of the GEF, such arrangements continued in place on the basis set forth in Resolution No. 94-2 of May 24, 1994, of the Executive Directors of the Bank which, inter alia, established the GEF Trust Fund and appointed the Bank as trustee of the GEF Trust Fund (Resolution No. 94-2); (C) the second replenishment of the GEF Trust Fund was approved on the basis set forth in Resolution No. 98-2 of July 14, 1998, of the Executive Directors of the Bank (Resolution No. 98-2); (D) the Bank has received a letter, dated April 12, 2001, from the Recipient describing a program of actions, objectives and policies designed to achieve sustainable development of forest and wildlife resources and the conservation of biodiversity and the environment (the Program) and declaring the Recipient