In the financial year 2020, the government of Ghana signed loans to carry out projects in the education sector. The largest commitment (nearly 157 million U.S. dollars) was intended for the establishment of the State-of-the-Art Technical and Vocational Education and Training (TVET) Centers (Facility A), credited by the ING Bank in Hong Kong. Moreover, the Ghana Accountability for Learning Outcomes Project led to the signing of a loan in the value of around 148.3 million U.S. dollars, provided by the World Bank. Furthermore, educational development loans towards the supply and installation of Integrated e-learning laboratories in Senior High Schools reached an amount of 14.5 million U.S. dollars. The latter was altogether credited by KBC Bank and Belgium Government (State to State loan).
Value of loans signed for the education sector by the government of Ghana in 2020, by project
(in thousand U.S. dollars)
Project title
Loan value in thousand U.S. dollars
Establishment of the State-of-the-Art Technical and Vocational Education and Training (TVET) Centers (Facility A)
156,986.38
Ghana Accountability for Learning Outcomes Project
148,287.02
Establishment of the State-of-the-Art Technical and Vocational Education and Training (TVET) Centers (Facility B)
27,703.48
Supply and installation of Integrated e-learning laboratories in Senior High Schools in Ghana*
14,536.86
Upgrading and Enhancement of Two Technical Institutes and Four Technical High Schools - Phase III
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Ministry of Finance Ghana. (March 29, 2021). Value of loans signed for the education sector by the government of Ghana in 2020, by project (in thousand U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1235403/loans-signed-by-ghana-s-government-for-the-education-sector-development/
Ministry of Finance Ghana. "Value of loans signed for the education sector by the government of Ghana in 2020, by project (in thousand U.S. dollars)." Chart. March 29, 2021. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1235403/loans-signed-by-ghana-s-government-for-the-education-sector-development/
Ministry of Finance Ghana. (2021). Value of loans signed for the education sector by the government of Ghana in 2020, by project (in thousand U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1235403/loans-signed-by-ghana-s-government-for-the-education-sector-development/
Ministry of Finance Ghana. "Value of Loans Signed for The Education Sector by The Government of Ghana in 2020, by Project (in Thousand U.S. Dollars)." Statista, Statista Inc., 29 Mar 2021, https://www.statista.com/statistics/1235403/loans-signed-by-ghana-s-government-for-the-education-sector-development/
Ministry of Finance Ghana, Value of loans signed for the education sector by the government of Ghana in 2020, by project (in thousand U.S. dollars) Statista, https://www.statista.com/statistics/1235403/loans-signed-by-ghana-s-government-for-the-education-sector-development/ (last visited December 22, 2024)
Value of loans signed for the education sector by the government of Ghana in 2020, by project (in thousand U.S. dollars) [Graph], Ministry of Finance Ghana, March 29, 2021. [Online]. Available: https://www.statista.com/statistics/1235403/loans-signed-by-ghana-s-government-for-the-education-sector-development/
