PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606940

Primary Business Area

Financial Institutions Group

Disclosure Date

Jul 1, 2024

Country

Ghana

Region

Africa

IFC Approval Date

Mar 11, 2024

Status

Active

Estimated Total Budget

$500,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jul 2, 2024

Project Estimated Start Date

Feb 29, 2024

Project Estimated End Date

Feb 28, 2027

Project Description

The initiative is designed to enhance the regulatory environment in Ghana to favor movable asset financing, thereby facilitating the growth of innovative lending practices like receivables financing, factoring, and supply chain financing. By doing so, the project will particularly benefit micro and small enterprises, which often face significant barriers due to stringent collateral demands. Additionally, the project will undertake a thorough analysis of existing challenges and foster collaboration among key players to improve the management of movable asset-based lending. This will contribute to the fortification and diversification of the financial sector's lending capabilities, ultimately fostering a more dynamic and resilient economic landscape for businesses and investors.

Development Results

E&S Risks / Impacts and Mitigation