BADEA and Ghana signs a loan agreement worth US $ 13.5 million

On sidelines of the World Bank and International Monetary Fund Annual Meetings, the Arab Bank for Economic Development in Africa (BADEA) and the Republic of Ghana have signed a loan agreement worth US $ 13.500 million to participate in financing the support of the Basic Education in Five Regions Project.

The loan aims at enhancing development relations between BADEA and Ghana and falls within the framework of consolidating Afro-Arab cooperation.

The project aims to support and improve basic education to take its role in building the education sector in general in Ghana. The project will contribute to this by increasing 44 schools, helping to provide better opportunities for poor and rural communities to access education, increase the desire to learn, reduce stress on crowded classrooms, improve the quality of education, bridge the gender gap in access to education and reduce underdevelopment.

Original source: BADEA
Published on 30 October 2019