Milestones in Compact Development
|Concept Paper Received
||November 2, 2012
||The GoG has submitted detailed project proposals (Concept Papers) outlining proposed compact investments in four areas: 1) Increasing private sector investment through power sector reform, 2) Improved fiscal position of the Government of Ghana and strengthened electrical utility financial performance, 3) Power generation, and 4) Power distribution and utilization. MCC assessed the concept papers and provided feedback to the GoG and is now working with the GoG team to further develop projects.
|Concept Note Received
||November 14, 2011
||The GoG submitted a preliminary project proposal (Concept Note) to the MCC in November 2011 proposing to address Ghana's insufficient and unreliable supply of power through: (1) Improving the reliability of power; (2) Regulatory and institutional reform; and (3) Increasing power supply through private sector participation.
||August 15, 2011
||The GoG finalized its analysis of constraints to economic growth (Constraints Analysis) after holding a series of consultations with the private sector, civil society, and government stakeholders. The Constraints Analysis identified three constraints to growth: power, access to credit, and access to land.
||January 5, 2011
||Ghana was declared eligible for a second compact in January 2011.