The project consists of a senior loan of up to US$40 million for 5 years to Republic Bank (Ghana) Limited (“RBGH” or the “Bank”) to support the growth of its Small and Medium Enterprises (“SME”) portfolio. The proposed senior loan will support the Bank in expanding its reach and services to SMEs that are severely underserved and in need of access to finance to grow their businesses (the “Project”). The Bank has expressed interest in carving out 25% of the proposed senior loan to grow its climate finance business.
The Bank’s main shareholders are Republic Financial Holdings Ltd (“RFHL”) (66.50%), Social Security and National Insurance Trust (“SSNIT”) (25.87%), Ghana Union Assurance Company (4.97%) and Ghana International Bank (1.08%).
Republic Bank Ghana Limited
+233 30 2 2420904
No. 35, Sixth Avenue North Ridge P. O. Box CT 4603, Cantonnements, Accra
ACCOUNTABILITY MECHANISM OF IFC
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/