PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

601361

Primary Business Area

Financial Institutions Group

Disclosure Date

Sep 13, 2017

Country

Ghana

Region

Africa

IFC Approval Date

Dec 18, 2015

Status

Completed

Estimated Total Budget

$1,000,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Mar 8, 2022

Project Estimated Start Date

Mar 1, 2016

Project Estimated End Date

Dec 31, 2018

Project Description

Fidelity Bank and IFC cooperate in a technical advisory project to support Fidelity Bank Ghana to expand access to financial services, especially for low income people, through their Smart Account mobile banking product in Ghana. Fidelity Bank launched the Smart Account service in March 2014. Being the only bank in Ghana that has deployed an agency banking model, Fidelity Bank has a first mover advantage and aspires to achieve their strategic goals of reaching 5 million people by 2020. This technical advisory support with IFC will help them achieve this goal.

Development Results

E&S Risks / Impacts and Mitigation