Release date: 24 October 2013
Promoter – Financial Intermediary
Acceptable banksCal Bank
Societe Generale Ghana
Location
Description
Global loan (IF) for:
1) onlending to private companies/SMEs in Ghana, operating in traditional eligible sectors.
2) funding the capital expenditures of the intermediary banks to develop their capacities of intermediation (e.g. branch network, IT systems, buildings, training...). The funds will be channelled through banks among the most performing and successful in the Ghanaian financial sector and selected on the basis of their expectations of future development in a very buoyant financial market.
Objectives
1) Financing of investment projects carried out by private companies of up to 250 employees.
2) Develop the capacity of the intermediary to facilitate this activity.
Comments
Up to EUR 20 million per intermediary.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 80 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 23/12/2013
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).