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Ghana Sankofa Gas Project

Abstract*

The development objective of the Sankofa Gas Project (SGP) for Ghana is to increase the availability of natural gas for clean power generation by leveraging private capital investment. The SGP supports the development of the offshore Sankofa gas field within the offshore cape three points (OCTP) block in Western Ghana, which will be developed by two private sponsors (Eni and Vitol) together with Ghana National Petroleum Corporation (GNPC). The United...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The Project Development Objective (PDO) is to increase the availability of natural gas for clean power generation by leveraging private capital investment.

Key Details

Project Details

  • P152670

  • Closed

  • David Vilar Ferrenbach , Vincent Launay

  • N/A

  • Ghana

  • July 7, 2015

  • (as of board presentation)

    July 30, 2015

  • N/A

  • US$ 0.00 million

  • N/A

  • December 19, 2024

  • December 31, 2018

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IBRD Guarantee 200.00
IDA Guarantee 500.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument
Grant Amount N/A
Total Project Cost** 700.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Jul 30, 2015 IDA-G2370 Loan Commitment 500,000,000.00
Jul 30, 2015 IBRD-G2380 Loan Commitment 200,000,000.00
Dec 15, 2021 IDA-G2370 Fee Charges 1,869,863.00
Dec 15, 2021 IDA-G2370 Int Charges 1,869,863.00
Jun 15, 2022 IDA-G2370 Fee Charges 1,880,137.00
Jun 15, 2022 IDA-G2370 Int Charges 1,880,137.00
Dec 15, 2022 IDA-G2370 Fee Charges 1,869,863.00
Dec 15, 2022 IDA-G2370 Int Charges 1,869,863.00
Jun 15, 2021 IDA-G2370 Fee Charges 1,880,137.00
Jun 15, 2021 IDA-G2370 Int Charges 1,880,137.00
Dec 15, 2020 IDA-G2370 Fee Charges 1,869,863.00
Dec 15, 2020 IDA-G2370 Int Charges 1,869,863.00
Dec 12, 2019 IDA-G2370 Fee Charges 0.01
Dec 12, 2019 IDA-G2370 Int Charges 0.01
Dec 30, 2019 IDA-G2370 Fee Charges 0.01
Dec 30, 2019 IDA-G2370 Int Charges 0.01
Dec 15, 2019 IDA-G2370 Fee Charges 1,880,137.00
Dec 15, 2019 IDA-G2370 Int Charges 1,880,137.00
Jun 15, 2020 IDA-G2370 Fee Charges 1,880,137.00
Jun 15, 2020 IDA-G2370 Int Charges 1,880,137.00
Jun 13, 2019 IDA-G2370 Int Charges 0.01
Jun 15, 2019 IDA-G2370 Fee Charges 1,880,137.00
Jun 15, 2019 IDA-G2370 Int Charges 1,880,137.00
Jun 13, 2019 IDA-G2370 Fee Charges 0.01
Jun 13, 2018 IDA-G2370 Fee Charges 1,767,123.20
Jun 13, 2018 IDA-G2370 Int Charges 1,767,123.20
Dec 15, 2018 IDA-G2370 Fee Charges 1,869,863.00
Dec 15, 2018 IDA-G2370 Int Charges 1,869,863.00
Jan 2, 2019 IDA-G2370 Fee Charges 1,285,000.00
Jan 2, 2019 IDA-G2370 Int Charges 1,285,000.00
Jun 15, 2023 IDA-G2370 Int Charges 1,880,137.00
Jun 15, 2023 IDA-G2370 Fee Charges 1,880,137.00
Oct 10, 2018 IBRD-G2380 Loan Cancel 200,000,000.00
Dec 15, 2023 IDA-G2370 Fee Charges 1,859,589.00
Dec 15, 2023 IDA-G2370 Int Charges 1,859,589.00
Jun 15, 2024 IDA-G2370 Fee Charges 1,880,087.00
Jun 15, 2024 IDA-G2370 Int Charges 1,880,087.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Moderately Satisfactory 2018-06-28

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.