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    Signature(s)

    Amount
    € 170,000,000
    Countries
    Sector(s)
    Ghana : € 170,000,000
    Credit lines : € 170,000,000
    Signature date(s)
    28/12/2020 : € 170,000,000

    Summary sheet

    Release date
    26 August 2020
    Status
    Reference
    Signed | 28/12/2020
    20190410
    Project name
    Promoter - financial intermediary
    DEVELOPMENT BANK GHANA
    ACCEPTABLE BANK(S)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 170 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    A loan to the Government of Ghana, through the Ministry of Finance, for on-lending to Ghanaian small and medium-sized enterprises (SMEs) and mid-caps active in the agribusiness, manufacturing, information and communications technology (ICT) and tourism sectors by the newly created Development Bank Ghana.

    This project will improve access to medium- and long-term finance for enterprises, particularly SMEs, which will in turn improve competitiveness, support job creation and fiscal revenues. The operation may also contribute to alleviating the impact of COVID-19 on Ghana's enterprises.

    Environmental aspects
    Procurement

    The Bank will require Development Bank Ghana (DBG) to take all the requisite measures to ensure that the sub-projects carried out by the final beneficiaries receiving Bank financing will comply with national legislation and the ElB's Environmental and Social Standards.

    The Bank will require Development Bank Ghana to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - DEVELOPMENT BANK GHANA
    Publication Date
    17 Nov 2020
    Document language
    Main Topic
    Lending
    Document Number
    132039181
    Document Focus
    Environmental Information
    Project Number
    20190410
    Sector(s)
    Countries
    Publicly available
    Download now

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