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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
Link to source

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.

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

Link to source

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).

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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