PROJECT

Projects

Environmental & Social Review Summary

Project Number

27152

Company Name

ASHESI UNIVERSITY COLLEGE

Date ESRS Disclosed

Jan 6, 2009

Country

Ghana

Region

Africa

Last Updated Date

Jun 3, 2021

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Mar 30, 2009
Signed : Apr 3, 2009
Invested : Mar 10, 2010

Sector

Colleges, Universities, and Professional Schools

Industry

Health, Education and Life Sciences

Department

Gbl Ind, Manufact, Agribus & Services

Project Description

This expansion project is to relocate Ashesi University College (“Ashesi” or “Sponsor”), a private liberal arts college in Ghana, and to enable the first phase of construction for Ashesi’s permanent campus in Berekuso, peri-urban Accra, approximately 25 kilometers north of the capital city of Accra. The new campus will be built in phases and has a planned capacity of 2,000 students. For the first phase of the new campus development, Ashesi is seeking funding of US$8.2 million to develop academic capacity for 600 students including: campus infrastructure, academic buildings, libraries, cafeteria and dormitories for 240 students. For this project, Ashesi will secure $5.2 million in philanthropic grants for the academic buildings and infrastructure, and is seeking another $3.0 million in debt to finance construction of student dormitories. IFC has been asked to provide the debt funding of up to US$2 million for this phase and a further $1.0 million in debt for student village housing.

Overview of IFC's Scope of Review

IFC’s review of this project consisted of appraising technical, environmental and social information submitted by the project Sponsor, including a review of:

- The site plan for the proposed university campus
- Ashesi’s “Employee Handbook”
- Plans for waste-to-biogas technology for sustainable management of domestic wastewater and biodegradable municipal solid waste
- Response to a questionnaire given to the Sponsor by IFC

In addition, IFC met with the project team at the existing Ashesi University College in Accra and also visited the project site at Berekuso, located approximately 25 kilometers north of the city of Accra.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Client Documentation

File Name Actions
Ashesi Final SAP.pdf