OPERATED BY SLAJ

True

FACT-CHECKED

by SLAJ |

Update: Yes, the claim that Sierra Leone’s President, Julius Bio, is the first president in the subregion to secure the largest per capita investment of USD 480 million from the MCC is correct. Although, it is not the largest investment from the MCC in the subregion, it is the largest per capita investment.

SLAJ-iVerify has fact-checked the claim that “Sierra Leone President Maada Bio is the first President to secure the largest per capita investment by MCC in the subregion of $480 million,” and found out that it is true.

Claim

“Sierra Leone President Maada Bio becomes the first President to secure the largest per capital investment by MCC in the subregion (USD$480 Million)” President Bio’s Press Secretary, Yusuf Keketoma Sandi claims.

Rating Justification

Correction:
A widely circulated social media screenshot of X / Twitter post by President Bio’s Press Secretary, Yusuf Keketoma Sandi Esq claimed that “Sierra Leone President Maada Bio is the first President to secure the largest per capita investment by MCC in the subregion of USD $480 million,” which SLAJ-iVerify found to be true.

To reach this conclusion, SLAJ-iVerify took the following steps:
Firstly, SLAJ-iVerify conducted an online search on multiple websites, particularly the Millennium Challenge Corporation’s (MCC). It was found that on Tuesday, August 1st, 2006, Ghanaian President John Kufuor and MCC Chief Executive Officer Ambassador John Danilovich signed a $547 million Compact. That compact was signed by Danilovich and Ghana’s Minister for Public Sector Reform Papa Kwesi Nduom. Furthermore, we also noted a disclaimer from the Center for Global Development (CGD), which stated, “On July 12, 2006, the MCC Board approved a $547 million compact for Ghana, the 9th compact approved by the MCC. The Ghana Compact is the largest compact approved to date by the MCC and will certainly be a challenging one to implement. Keep an eye out for Mali and El Salvador compacts, still on track for approval by year-end”.

The above information reflects that Ghana received $547 million from MCC in 2006 and Sierra Leone will be receiving $480 million soon. This means Ghana received more funds than what Sierra Leone will receive. However, in terms of Per Capita Investments, Sierra Leone’s is the largest investment because Per capita means the average per person and is often used in place of “per person” in statistical observances. The phrase can be used for almost any kind of population description but is common when discussing economic data. So as Ghana’s population in 2006 was about 23 million and Sierra Leone’s present population is around 8.6 million, which is significantly less, the claim that Sierra Leone President Maada Bio is the first President to secure the largest per capita investment by MCC in the subregion of USD $480 million is true. While it is not the largest investment by MCC in the subregion, it is the largest per capita investment by MCC in the subregion.