MIDA News

13th March, 2017
MiDA BOARD RECONSTITUTED
26th September, 2016
Dr. DeSOUZA APPOINTED TO MiDA BOARD
21st September, 2016
RESPONSE BY MILLENNIUM DEVELOPMENT AUTHORITY (MiDA) TO MYJOYONLINE ARTICLE: “MiDA DIRECTED TO HALT PRIVATISATION OF ECG”
15th September, 2016
NO WORKER WILL LOSE JOB — MiDA CEO ASSURES
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MIDA documents and reports

1st February, 2017
12th Board Meeting - Summary of Minutes

SUMMARY OF THE 12TH MEETING OF THE BOARD OF DIRECTORS OF THE MILLENNIUM DEVELOPMENT AUTHORITY SEPTE...
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1st February, 2017
11TH SPECIAL MEETING - Summary of Minutes

SUMMARY OF THE 11TH SPECIAL MEETING OF THE BOARD OF DIRECTORS OF THE MILLENNIUM DEVELOPMENT AUTHORIT...
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Program Implementation Agreement

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Ghana Power Compact

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Audit Reports

Board Meetings

  • 12th Board Meeting - Summary of Minutes

    SUMMARY OF THE 12TH MEETING OF THE BOARD OF DIRECTORS OF THE MILLENNIUM DEVELOPMENT AUTHORITY
    SEPTEMBER 9, 2016
    3:00 P.M., MiDA BOARD ROOM, 4th Floor Heritage Tower, ACCRA

    The following is the summary of the 12th meeting of the Board of Directors of the Millennium Development Authority (“MiDA”) held at the MiDA Board Room, 4th Floor Heritage Tower, Accra on the above-mentioned date and time and for which Notice was duly given in writing on September 1, 2016.

    The meeting was convened pursuant to (i) the Millennium Challenge Compact between the United States of America, acting through the Millennium Challenge Corporation (“MCC”), and the Government of the Republic of Ghana (the “Government”), executed on August 5, 2014 (the “Compact”); and (ii) the Program Implementation Agreement, by and between the United States of America, acting through MCC, and the Republic of Ghana, dated August 5, 2014 (the “PIA”). Capitalized terms used but not defined herein shall have the meanings given such terms in the Compact.

    Details of this summary can be downloaded below

    12th Board Meeting - Summary of Minutes

  • 8th Board Meeting- Summary of Minutes

    SUMMARY OF THE 8TH MEETING OF THE BOARD OF DIRECTORS
    OF THE MILLENNIUM DEVELOPMENT AUTHORITY
    DECEMBER 2, 2015
    9:00 A.M., MiDA BOARD ROOM, ACCRA


    The following is a summary of the 8th meeting of the Board of Directors of the Millennium Development Authority (“MiDA”) held at the MiDA Board Room, Accra on the above-mentioned date and time and for which Notice was duly given in writing on November 24, 2015.

    The meeting was convened pursuant to (i) the Millennium Challenge Compact between the United States of America, acting through the Millennium Challenge Corporation (“MCC”), and the Government of the Republic of Ghana (the “Government”), executed on August 5, 2014 (the “Compact”); and (ii) the Program Implementation Agreement, by and between the United States of America, acting through MCC, and the Republic of Ghana, dated August 5, 2014 (the “PIA”). Capitalized terms used but not defined herein shall have the meanings given such terms in the Compact.

    Details of this summary can be downloaded below

    8th Board Meeting- Summary of Minutes

  • 7th Board Meeting - Summary of Minutes

    SUMMARY OF THE 7TH MEETING OF THE BOARD OF DIRECTORS
    OF THE MILLENNIUM DEVELOPMENT AUTHORITY
    SEPTEMBER 2, 2015
    9:00 A.M, MiDA BOARD ROOM, ACCRA


    The following is a summary of the 7th meeting of the Board of the Millennium Development Authority (“MiDA”) held at the MiDA Board Room, 4th Floor Heritage Tower, Accra on the above-mentioned date and time and for which Notice was duly given in writing on August 25, 2015.

    The meeting was convened pursuant to (i) the Millennium Challenge Compact between the United States of America, acting through the Millennium Challenge Corporation (“MCC”), and the Government of the Republic of Ghana (the “Government”), executed on August 5, 2014 (the “Compact”); and (ii) the Program Implementation Agreement, by and between the United States of America, acting through MCC, and the Republic of Ghana, dated August 5, 2014 (the “PIA”). Capitalized terms used but not defined herein shall have the meanings given such terms in the Compact.

    Details of this summary can be downloaded below

    7th Board Meeting - Summary of Minutes

  • 6th Board Meeting - Summary of Minutes

    SUMMARY OF THE 6TH MEETING OF THE BOARD OF
    THE MILLENNIUM DEVELOPMENT AUTHORITY
    JUNE 3, 2015
    10:45 A.M., NOVOTEL HOTEL, ACCRA


    The following is a summary of the 6th meeting of the Board of the Millennium Development Authority (“MiDA”) held at the Novotel Hotel, Accra on the above-mentioned date and time.

    The meeting was convened pursuant to (i) the Millennium Challenge Compact between the United States of America, acting through the Millennium Challenge Corporation (“MCC”), and the Government of the Republic of Ghana (the “Government”), executed on August 5, 2014 (the “Compact”); and (ii) the Program Implementation Agreement, by and between the United States of America, acting through MCC, and the Republic of Ghana, dated August 5, 2014 (the “PIA”). Capitalized terms used but not defined herein shall have the meanings given such terms in the Compact

    Details of this summary can be downloaded below

    6th Board Meeting - Summary of Minutes

  • 5th Board Meeting - Summary of Minutes

    SUMMARY OF THE 5TH MEETING OF THE BOARD OF DIRECTORS OF
    THE MILLENNIUM DEVELOPMENT AUTHORITY
    MAY 6, 2015
    9:00 A.M., ALISA HOTEL, ACCRA


    The following is a summary of the 5th meeting of the Board of Directors of the Millennium Development Authority (“MiDA”) held at the Alisa Hotel, Accra on the above-mentioned date and time and for which Notice was duly given in writing on April 27, 2015.

    The meeting was convened pursuant to (i) the Millennium Challenge Compact between the United States of America, acting through the Millennium Challenge Corporation (“MCC”), and the Government of the Republic of Ghana (the “Government”), executed on August 5, 2014 (the “Compact”); and (ii) the Program Implementation Agreement, by and between the United States of America, acting through MCC, and the Republic of Ghana, dated August 5, 2014 (the “PIA”). Capitalized terms used but not defined herein shall have the meanings given such terms in the Compact.

    Details of this summary can be downloaded below

    5th Board Meeting - Summary of Minutes

  • 4th Board Meeting - Summary of Minutes

    SUMMARY OF THE 4TH MEETING OF THE BOARD OF
    THE MILLENNIUM DEVELOPMENT AUTHORITY
    APRIL 1, 2015
    9:00 A.M., MiDA BOARD ROOM, ACCRA


    The following is a summary of the 4th meeting of the Board of Millennium Development Authority(“MiDA”) held at the MiDA Board Room, 4th Floor Heritage Tower, Accra on the above-mentioned date and time and for which Notice was duly given in writing on March 23, 2015.

    The meeting was convened pursuant to (i) the Millennium Challenge Compact between the United States of America, acting through the Millennium Challenge Corporation (“MCC”), and the Government of the Republic of Ghana (the “Government”), executed on August 5, 2014 (the “Compact”); and (ii) that certain Program Implementation Agreement, by and between the United States of America, acting through MCC, and the Republic of Ghana, acting through the Government, dated August 5, 2014 (the “PIA”). Capitalized terms used but not defined herein shall have the meanings given such terms in the Compact.

    Details of this summary can be downloaded below

    4th Board Meeting - Summary of Minutes

  • 3rd Board Meeting - Summary of Minutes

    SUMMARY OF THE 3RD MEETING OF THE BOARD OF
    THE MILLENNIUM DEVELOPMENT AUTHORITY
    MARCH 4, 2015
    10:00 A.M., MiDA BOARD ROOM


    The following is a summary of the 3rd meeting of the Board of Millennium Development Authority held at the above-mentioned date and time and for which Notice was duly given in writing on February 25, 2015.

    The meeting was convened pursuant to (i) the Millennium Challenge Compact between the United States of America, acting through the Millennium Challenge Corporation (“MCC”), and the Government of the Republic of Ghana (the “Government”), executed on August 5, 2014 (the “Compact”); and (ii) that certain Program Implementation Agreement, by and between the United States of America, acting through MCC, and the Republic of Ghana, acting through the Government, dated August 5, 2014 (the “PIA”). Capitalized terms used but not defined herein shall have the meanings given such terms in the Compact.

    Details of this summary can be downloaded below

    3rd Board Meeting - Summary of Minutes

  • 2nd Board Meeting - Summary of Minutes

    SUMMARY OF THE 2ND MEETING OF THE BOARD OF
    THE MILLENNIUM DEVELOPMENT AUTHORITY
    JANUARY 28, 2015
    8.30 A.M., ALISA HOTEL


    The following is a summary of the 2nd Meeting of the Board of Millennium Development Authority held at the above-mentioned date and time and for which Notice was duly given in writing on January 20, 2015.

    The meeting was convened pursuant to (i) the Millennium Challenge Compact between the United States of America, acting through the Millennium Challenge Corporation (“MCC”), and the Government of the Republic of Ghana (the “Government”), executed on August 5, 2014 (the “Compact”); and (ii) that certain Program Implementation Agreement, by and between the United States of America, acting through MCC, and the Republic of Ghana, acting through the Government, dated August 5, 2014 (the “PIA”). Capitalized terms used but not defined herein shall have the meanings given such terms in the Compact.

    Details of this summary can be downloaded below

    2nd Board Meeting - Summary of Minutes

  • 1st Board Meeting - Summary of Minutes

    SUMMARY OF THE 1st MEETING OF THE BOARD OF
    THE MILLENNIUM DEVELOPMENT AUTHORITY
    DECEMBER 19, 2014
    10:00 A.M., MIDA BOARD ROOM


    The following is a summary of the 1st meeting of the Board of the Millennium Development Authority (“MiDA”) held at the MiDA Board Room, 4th floor heritage tower on the above-mentioned date and time and for which Notice was duly given in writing on August 25, 2015.

    The meeting was convened pursuant to (i) the Millennium Challenge Compact between the United States of America, acting through the Millennium Challenge Corporation (“MCC”), and the Government of the Republic of Ghana (the “Government”), executed on August 5, 2014 (the “Compact”); and (ii) the Program Implementation Agreement, by and between the United States of America, acting through MCC, and the Republic of Ghana, dated August 5, 2014 (the “PIA”). Capitalized terms used but not defined herein shall have the meanings given such terms in the Compact.

    Details of this summary can be downloaded below

    1st Board Meeting - Summary of Minutes

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”).

Disbursement Requests

Financial Documents

Quarterly Reports