PROJECT

Projects

Summary of Proposed Investment

Project Number

25661

Company Name

GHL BANK PLC

Date SPI Disclosed

Jun 1, 2007

Country

Ghana

Industry

Financial Markets

Projected Board Date

Jul 2, 2007

Status

Completed

Sector

Primary Mortgage Institutions

Department

Global Industry, Financial Markets

Environmental Category

C - No Impact

Previous Events

Approved : Jul 9, 2008
Signed : Oct 21, 2008
Invested : Mar 23, 2009

Project Description

The proposed project consists of an equity investment of up to 20% (up to a maximum amount of $3 million) in Ghana Home Loans (GHL). IFC’s investment aims to strengthen GHL’s capital and enable it to better compete in the market.

Sponsor / Cost / Location

Development Impact