MCC Board re-selects Ghana to develop another proposal for funding

The Board of the Millenium Challenge Corporation (MCC) of the United States has selected Ghana to continue to develop compact proposals for funding.

The Board at its quarterly meeting last week, re-selected Ghana, Benin and El Salvador as elegible to continue developing compact proposals. Honduras and Nepal were also re-selected as eligible to continue developing Threshold Programmes in Fiscal Year 2013.

The Board did not make eligibility determinations for countries that already have signed compacts since these countries do not require annual re-selection.

The Board also selected Liberia, Niger, Sierra Leone, Morocco, and Tanzania as eligible to develop proposals for new compacts, and Guatemala as eligible for a Threshold Programme.

In August 2006, Ghana signed for the first compact for an amount of $547 million, making it the third biggest beneficiary of the compact in the world after Tanzania ($698 million) and Morocco ($697million).

The five-year compact came into force February 16, 2007. The agricultural sector was the main focus followed by the transportation sector as well as rural development.

In September 2012, the Ghana government  held talks in Accra with a delegation from the MCC to speed up modalities for the second compact of the Millennium Challenge Account (MCA).

By Emmanuel K. Dogbevi

Video: MCC holds December 2012 Town Hall Meeting, announces Ghana re-selection