Ashesi University II

active

Ashesi University College (“Ashesi” or the “University”) is a private not-for-profit secular higher education provider in Ghana which began instruction in 2002. In 2009, IFC provided Ashesi with a $2.5 million loan (to relocate and build the University permanent campus in Ghana’s Eastern region approximately 25 kilometers north of the capital city of Accra, in a rural area on a land that was owned by the Berekuso community, to develop academic capacity for 600 students including campus infrastructure, academic buildings, libraries, cafeteria and dormitories for 240 students. The project successfully completed in 2011.  The environmental and social information related to this previous phase was disclosed on the IFC Project Information Portal at https://disclosures.ifc.org/#/projectDetailESRS/333.  The proposed investment (Ashesi Univesity II) includes a $10 million senior loan to Ashesi to support the construction of new educational infrastructure for the students that will include (i) a research and learning center; (ii) student hostels; (iii) a student center; (iv) an innovation center; and (iv) a sports center. The new buildings will be constructed on the existing land that was acquired and cleared by Ashesi as part of the previous phases of the project. The construction will start as soon as Ashesi gets the finance and will last for approximately 24 months.