PROJECT

Projects

Summary of Investment Information

Project Number

42193

Company Name

REPUBLIC BANK (GHANA) PLC

Date SPI Disclosed

Apr 4, 2019

Country

Ghana

Region

Africa

Projected Board Date

May 16, 2019

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jul 17, 2023

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Jun 6, 2019
Signed : Jun 27, 2019
Invested : Feb 18, 2020

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

  The project consists of a senior loan of up to US$40 million for 5 years to Republic Bank (Ghana) Limited (“RBGH” or the “Bank”) to support the growth of its Small and Medium Enterprises (“SME”) portfolio. The proposed senior loan will support the Bank in expanding its reach and services to SMEs that are severely underserved and in need of access to finance to grow their businesses (the “Project”). The Bank has expressed interest in carving out 25% of the proposed senior loan to grow its climate finance business.                                                                                                         

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation