On Tuesday, August 1st 2006, The MCA GHANA Compact was signed between the Government of Ghana and the Government of the United States of Americ, represented by the Millennium Challenge Corporation.(MCC).
The Ghana Compact was negotiated by the Ghana MCA Project Team and MCC’s Ghana Project Team in June 2006. With the signing of the Compact, the MCC agreed to grant to the Government an amount not to exceed Five Hundred Forty Seven Million and Nine Thousand United States Dollars (US$547,009,000) during the Compact Term to enable the Government to implement the Program and achieve the Objectives.
It was the efforts of Ghanaian professionals, about 30 of them who worked very hard to design the Program and negotiate its acceptance working in collaboration with their counterparts at the MCC.