PROJECT

Projects

Summary of Investment Information

Project Number

50553

Company Name

Societe Generale Ghana

Date SPI Disclosed

Jan 16, 2025

Country

Ghana

Region

Africa

Projected Board Date

Feb 17, 2025

Environmental Category

FI-1 - Significant

Status

Pending Disbursement

Last Updated Date

Nov 19, 2025

Department

Regional Industry - MAS Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Apr 11, 2025
Signed : Jun 18, 2025

Sector

Coffee, Cocoa, Tea

Project Description

The proposed investment is an unfunded risk participation of up to US$40 million equivalent in Ghana Cedis (GHS) in a US$80 million (equivalent in GHS) package of uncommitted unsecured self-liquidating facilities extended by Société Generale Ghana (SG Ghana or the Bank) to selected Ghana cocoa Licensed Buying Companies (LBCs). IFC's investment will support the financing by the Bank of leading LBCs for the procurement of traceable cocoa beans from smallholder farmers.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation