PROJECT

Projects

Summary of Investment Information

Project Number

46605

Company Name

Fidelity Bank Ghana Limited

Date SPI Disclosed

May 31, 2022

Country

Ghana

Region

Africa

Projected Board Date

Aug 5, 2022

Environmental Category

FI-2 - Limited

Status

Hold

Last Updated Date

Jan 25, 2023

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Sector

Commercial Banking - SME Finance

Additional Project Attributes

Blended Finance

Project Description

The proposed project is a Working Capital Solutions (“WCS”) facility to Fidelity Bank Ghana Limited (“Fidelity Ghana”, “FBL” or the “Bank”), a top Tier Bank operating in Ghana of up to US$50 million with the support of the IDA Private Sector Window (“PSW”) Blended Finance Facility (“BFF). The proposed investment will help the Bank increase its trade finance facilities and working capital-related lending to Micro, Small and Medium Enterprises (“MSMEs”) in Ghana. The facility will have a maturity of up to 2 years, renewable for an additional year.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation