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Feb 14, 2011

Ghana to benefit from MCC funding

 Ms. Katerina Ntep, the Resident Country Director of the Millennium Challenge Co-operation (MCC), has announced that Ghana has qualified for another amount under the Millennium Challenge Account (MCA).

According to her, this decision is as a result of the exceptional implementation of work with the first MCA of $547 million, respect for the rule of law and fundamental human rights and economic discipline by the government and the people of Ghana.

 Ms. Ntep made this known in Accra, after a walk to mark the last year of the first project which is left with 368 days to complete, expressing satisfaction at the work done so far.

 Mr. Martin Esuon-Benjamin, the Chief Executive Officer of the Millennium Development Authority (MiDA), on his part said the Authority is prepared to receive the second amount because MiDA through its capacity building has efficiently executed work under the first phase.

 He noted MiDA has trained and built the capacity of 73,000 farmers in 30 districts under the project, built over 400 kilometres of road and has connected 40 rural banks for easy access to the ARP Apex Bank, pointing out that $490 million of the amount has already been disbursed.

Source : ISD