Compact Agreement

Board Meetings

• Regular Meetings
• Special Meetings

Cost Principles for Accountable Entity Operations

Conditions Precedent

Conditions Precedent for ENTRING INTO FORCE

The Government will proceed in a timely manner to complete all of its domestic requirements for this Compact to enter into force. The Parties understand that this Compact and the PIA, upon entry into force, will prevail over the domestic laws of Ghana.

Before this Compact enters into force:

(a) the Program Implementation Agreement must have been signed by the parties thereto;

(b) The Government must have delivered to MCC:

1. a letter signed and dated by the Principal Representative of the Government, or such other duly authorized representative of the Government acceptable to MCC, confirming that the Government has completed its domestic requirements necessary for this Compact to enter into force and that the other conditions precedent to entry into force have been met;
2. a signed legal opinion from the Attorney General of Ghana (or such other legal representative of the Government acceptable to MCC), in form and substance satisfactory to MCC;
3. complete, certified copies of all decrees, legislation, regulations or other governmental documents relating to the Government’s domestic requirements necessary for this Compact and the PIA to enter into force, which MCC may post on its website or otherwise make publicly available;

(c) MCC shall not have determined, at the time of this Compact’s entry into force, that the Government has engaged in a pattern of actions inconsistent with the eligibility criteria for MCC Funding;

(d) The Government must have delivered to MCC evidence:

1. that the tender documents for an Acceptable ECG PSP Transaction have been released for competitive selection through an open and transparent process acceptable to MCC; 
2. of substantial compliance with the Gas Action Plan, including providing copies of the executed agreements required in accordance with the Gas Action Plan;
3. that a long term Gas Sector Master Plan, acceptable to MCC, has been approved by the Government;
4. of substantial compliance with the Electric Distribution Utility Payment Action Plan; and
5. of approval and implementation of quarterly tariff adjustments in accordance with the existing formula for each of the calendar quarters between the initial CIF Disbursement and entry into force of this Compact.

For the avoidance of doubt, the conditions specified reflect policy commitments made by the Government prior to the execution of this Compact.

Date of Entry into Force.
This Compact will enter into force on the date of the letter from MCC to the Government in an exchange of letters confirming that MCC has completed its domestic requirements for entry into force of this Compact and that the conditions precedent to entry into force have been met to MCC’s satisfaction.

Compact Term.
This Compact will remain in force for five (5) years after its entry into force, unless terminated earlier under Section 5.1 (the “Compact Term”).

Financial Documents

Quarterly Reports

Concept Papers

Attachments

CONSULTATIONS SUMMARY REPORT 19-10-2012
30-09-2015

5809 Views

Electricity Supply and Distribution LI 1935
30-09-2015

1924 Views

Energy Commission Act 541
30-09-2015

2210 Views

ENVIRONMENTAL ASSESSMENT REGULATION, 1999
30-09-2015

1999 Views

Gender Integration Action Plan 2
30-09-2015

1516 Views

Ghana National Energy Policy -February 2010
30-09-2015

2024 Views

GRIDCo SCC DAILY REPORT 16-11-11
30-09-2015

1719 Views

GSGDA – 19-10-2012
30-09-2015

2218 Views

ME framework 19-1-2012 Final
30-09-2015

4720 Views

NATIONAL ENERGY POLICY- FINAL 2010
30-09-2015

4047 Views

NED Long Term Load Forcast 2011_2021
30-09-2015

1673 Views

NEDCo NETWORK STUDIES REPORT
30-09-2015

1658 Views

NES Master Plan Review Executive Summary & Main Report
30-09-2015

8006 Views

Power Sector Financial Recovery final report Oct 16th
30-09-2015

4293 Views

Social and Gender Analysis Final 1-11-12
30-09-2015

3205 Views

Ghana-Power-Problem-Trees-ANNEX-9
22-03-2012

1668 Views
Concept Papers

Introduction and Executive Summary
22-03-2012

2110 Views

Power Sector Reform
22-03-2012

3550 Views

Improved Financial Positioning
22-03-2012

2510 Views

Power Generation
22-03-2012

4000 Views

Power Distribution and Utilisation
22-03-2012

4609 Views

Feasibility Study Reports

Anti-Fraud and Corruption

Compact II Completion Reports