PROPARCO and FMO support Access Bank (Ghana) Ltd’s lending activities


PROPARCO and Access Bank (Ghana) Limited have signed a USD 40m credit facility with a 7-year maturity, in cofinancing with FMOand arranged by PROPARCO.   The Ghana subsidiary is the biggest of Nigerian Banking giant Access Bank Plc and has been operating in Ghanasince 2009. It is now the 14th largest bank in the country and focuses on companies, SMEs and micro-enterprises/individuals. Through its extensive branch network, the Bank plans to on-lend to businesses in the Export, Manufacturing, Agro-allied, Infrastructure and Services sectors.   Commenting on the transaction, the Managing Director of Access Bank Ghana, Mr. Dolapo Ogundimu stated: “This is a landmark transaction for Access Bank and we greatly appreciate the support and trust of our partners. FMO and PROPARCO have been our partners since we opened shop in 2009, and this facility demonstrates their confidence in our Bank’s strong Corporate Governance and Risk Management policies”. This new line is part of PROPARCO’s already extensive approach to support Ghana’s banking sector, which aims to facilitate financing for companies in the country. It is PROPARCO’s second operation to finance Access Bank Group.


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