The World Bank
   Ghana Productive Safety Net Project (P164603)




                                                                                    REPORT NO.: RES37946

                                    DOCUMENT OF THE WORLD BANK




                                        RESTRUCTURING PAPER
                                                   ON A
                                  PROPOSED PROJECT RESTRUCTURING

                                                     OF

                               GHANA PRODUCTIVE SAFETY NET PROJECT
                                   APPROVED ON OCTOBER 31, 2018
                                                     TO

                                       THE REPUBLIC OF GHANA


SOCIAL PROTECTION & JOBS

AFRICA




                          Regional Vice President:    Hafez M. H. Ghanem
                                Country Director:     Pierre Frank Laporte
                                Regional Director:    Amit Dar
                      Practice Manager/Manager:       Iffath Anwar Sharif
                               Task Team Leader:      Dhushyanth Raju, Christabel Ewuradjoa
                                                      Dadzie
           The World Bank
           Ghana Productive Safety Net Project (P164603)



I. BASIC DATA

Product Information

Project ID                                                     Financing Instrument
P164603                                                        Investment Project Financing

Original EA Category                                           Current EA Category
Partial Assessment (B)                                         Partial Assessment (B)

Approval Date                                                  Current Closing Date
31-Oct-2018                                                    31-Dec-2022




Organizations

Borrower                                                       Responsible Agency
                                                               Ministry of Local Government and Rural
The Republic of Ghana                                          Development,Ministry of Gender, Children and Social
                                                               Protection



Project Development Objective (PDO)
Original PDO
To support the Government to strengthen safety net systems that improve the productivity of the poor.

Summary Status of Financing


                                                                                       Net
Ln/Cr/Tf                 Approval         Signing Effectiveness         Closing Commitment Disbursed Undisbursed

IDA-63370              31-Oct-2018 31-Dec-2018      28-Jun-2019 31-Dec-2022             60.00       6.41         52.85


Policy Waiver(s)

Does this restructuring trigger the need for any policy waiver(s)?
No


I. SUMMARY OF PROJECT STATUS AND PROPOSED CHANGES
        The World Bank
        Ghana Productive Safety Net Project (P164603)




 The Ghana Productive Safety Net Project (GPSNP) aims to support the Government to strengthen safety net systems
 that improve the productivity of the poor. The Project Appraisal Document (PAD) that was submitted to the World
 Bank’s Executive Directors for approval appraised two sources of financing to the GPSNP: the US$60 million IDA credit
 and US$23 million co-financing grant from the UK Department for International Development. The Project
 Development Objective (PDO) and associated Results Framework as detailed in the PAD can only be achieved through
 the IDA and DFID grant, which are both guided by the component description set out in the PAD.

 The Recipient-executed Trust Fund (RETF) for the DFID grant to the GPSNP is now active, with the associated Grant
 Agreement and Disbursement and Financial Information Letter having been prepared on the basis of the approved
 PAD. As a result, there is a need to restructure the Financing Agreement for the IDA Credit to reflect this second
 source of financing in the disbursement table by: (i) separating out the activities under Category 2 that DFID will not
 fund into a new Category 6; and (ii) changing the percentages to be funded by IDA under Category 1, 2 and 4. These
 changes are reflected in this restructuring paper and the ammendment to the Financing Agreement, which is attached
 to this restructuring package.




II. DETAILED CHANGES




REALLOCATION BETWEEN DISBURSEMENT CATEGORIES

                Current
                                              Current             Actuals +           Proposed        Disbursement %
Ln/Cr/TF        Expenditure
                                           Allocation           Committed             Allocation        (Type Total)
                Category
                                                                                                     Current Proposed


 IDA-63370-     Wrks,Gds,Ncs,Tr
 001            ,Oc,Cs prt               6,470,000.00                  0.00        6,470,000.00       100.00          52
 Currency:      3b,4,5a
 XDR            Wrks,Gds,Ncs,Tr
                                        10,900,000.00                  0.00        2,868,421.00       100.00          80
                ,Oc,Cs prt1ac
                Cash Transfers
                                        11,480,000.00                  0.00       11,480,000.00         0.00        0.00
                under prt 3a
                Start-up grants
                                         2,200,000.00                  0.00        2,200,000.00       100.00          40
                under prt 1b
                LIPW Payments
                                        12,050,000.00                  0.00       12,050,000.00       100.00     100.00
                under prt 2a(i)
                Wrks,Gds,Ncs,Tr
                ,Oc,Cs                            0.00                 0.00        8,031,579.00                     100
                2a(ii),b,c,5b
The World Bank
Ghana Productive Safety Net Project (P164603)



       Total                 43,100,000.00      0.00   43,100,000.00