📋 Tender Overview
Project Number: 49369
Company Name: ACCESS BANK (GHANA) PLC
Date SPI Disclosed: May 31, 2024
Country: Ghana
Region: World
Projected Board Date: Jun 30, 2024
Environmental Category: FI-2
Status: Pending Approval
Department: Regional Industry - FIG Africa
Industry: Financial Institutions
Sector: Commercial Banking - SME Finance
Additional Project Attributes: Blended Finance
Project Description
The proposed project consists of a 5-year senior unsecured loan of up to US$20 million in USD to Access Bank Ghana ( Access Ghana or the Bank ) to support the provision of funding to Micro, Small, and Medium-sized enterprises (MSMEs) that have been negatively impacted by the COVID-19 pandemic in Ghana ( the Project ). The Project will include up to US$10 million on IFC’s own account and up to US$10 million in funded mobilization. Up to 30% of the aggregate loan’s proceeds will be earmarked to women and women-owned MSMEs, on a best-efforts basis. The Project is being processed under IFC’s Base of the Pyramid ( BOP ) Program to support the growth of the banks’ MSME portfolio and will benefit from up to US$130 million Pooled First Loss Guarantee ( PFLG ) on the BOP Program-level provided by International Development Agency IDA Private Sector Window Blended Finance Facility ( IDA-PSW BFF ).
Total Project Cost and amount and nature of IFC's Investment:The Project is a 5 year unsecured amortizing loan of up to US$20 million with a one year grace period, of which US$10 million is for IFC’s own account and US$10 million is a funded mobilization.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
