AshesiUniversity

completed

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.