GS1385 Man and Man Enterprise Improved Cooking Stoves Programme in Ghana - VPA002 (Western Region)

Audit Analysis

The Man and Man ICS programme in Ghana has a VVB-confirmed investment additionality test and a quantified 5% leakage deduction, but is undermined by numerous unresolved clarifications and corrective actions across multiple verification cycles, a project-specific baseline, and contradictory key parameters (fNRB, ERR, FPIC status) between documents. The absence of a buffer pool, permanence mechanism, and lifetime ex-ante ERR estimate limits confidence in the long-term integrity of the credit claims.

Project Description

Red Flags

• ⚠FPIC status contradicts between the 2024 monitoring report (not conducted) and the 2026 validation report (conducted) — the more recent document is privileged but the discrepancy is unexplained
• ⚠fNRB value dropped from 0.99 in the 2017 PDD to 0.752 in the 2025 verification report, and the method shifted from local field measurement to national default between the 2024 and 2025 verification reports — a material change in a core calculation parameter
• ⚠17 clarification requests and 8 corrective action requests were raised across validation and verification cycles, indicating persistent data-quality and consistency issues in the project's reporting
• ⚠The lifetime ex-ante ERR estimate is not available in the extracted record, preventing a reliable pro-rata delivery check

Credit Vintages