Release date: 12 October 2011
Promoter – Financial Intermediary
UT Bank Limited
Location
Description
The line of credit will be used to finance private sector companies in Ghana, to support the development of investment projects that would not be eligible for direct financing by the EIB in the eligible sectors.
Objectives
Enhancing the role of SMEs in the promotion of economic development, especially by means of investments necessary for exporting activities.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 8 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
The promoter will ensure that the projects to be financed comply with EIB’s environmental standards. The promoter’ appraisal processes include an environmental review to verify that the projects are in compliance with the relevant national environmental legislation.
Procurement
The promoter ensure compliance with the Bank’s Guide to Procurement when supporting procurement by the final beneficiaries.
Status
Signed - 20/12/2011
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).