A&C Corner Investments Limited (IFC-41983)

  • Ghana
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
A & C Development
The holder of the loan, grant, or other investment.
  • Construction
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 3.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 12, 2019

Disclosed by Bank Oct 1, 2019

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Project Description

A&C Development Company Limited (“A&C Development” or the “Company”) is a privately held real estate development company based in Accra, Ghana. The company is the developer and owner of A&C Square Mall, a one-stop mall concept consisting of a shopping mall, a fuel station, fitness centre, building, a pool area, two multi-purpose business plazas and a children’s playground. IFC’s invested in 2012 in A&C Development under project # 31433 A&C Mixed Use to support the Company's second phase expansion program of A&S Square Mall, that included the construction of a 3-storey office block and refurbishment of the existing retail mall – publicly disclosed ESRS for this project is available at: https://disclosures.ifc.org/#/projectDetail/ESRS/31433 The Company is seeking a US$3.0 million senior loan to support the development of A&C Corner Mall (‘A&C Corner’ or the ‘Project’), the company’s second shopping mall project, approximately 1km from A&C Corner. The two floor A&C corner will house, 4,011 square meters (“sqm”) of lettable space, and an underground parking space. The mall will operate on 100% off-grid solar photovoltaic system.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

Contact Person: Andrew Asamoah

Company Name: A&C Development Company Limited,

Address: A&C Square 14 Jungle Road, Christian Center, East Legon, Accra.

P.O. Box 17506Accra, Ghana

Phone: 0244644810

E-mail: asamoaha@aandcdevelopment.com


The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/