GHIB Snr Loan (IFC-52113)

Countries
  • Ghana
Geographic location where the impacts of the investment may be experienced.
Specific Location
Accra
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
FI
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 11, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Ghana International Bank
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 21, 2026

Disclosed by Bank Apr 10, 2026

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The proposed project is a senior unsecured loan of up to US$100 million to Ghana International Bank Plc (“GHIB”), a U.K.-regulated bank specializing in trade finance and correspondent banking services focused on Africa-related trade flows. The financing will support GHIB’s balance sheet and enable the bank to expand the availability of trade finance, primarily benefiting banks, corporates and small and medium sized enterprises (SMEs) engaged in trade between Africa and other international markets.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The total project cost is US$100 million. The investment is structured as an unsecured senior loan. The facility has a 3-year tenor with a 1-year grace period, followed by amortizing repayments. Disbursement will occur in two equal tranches, with the second tranche available upon full utilization of the first, ensuring that funds are deployed efficiently to support GHIB’s expanding trade finance portfolio.

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Ghana International Bank Plc (GHIB) is a UK-based financial institution with a mandate to facilitate trade and investment flows to and from Africa. The bank’s history dates to 1959, originating as Ghana’s first international bank branch in London, and it was incorporated as an independent bank in 1998.

GHIB’s shareholding is composed of major Ghanaian financial institutions. The Bank of Ghana (Central Bank) is the majority shareholder with approximately 65.4% ownership, providing strong strategic guidance. Other significant shareholders include GCB Bank Plc. (14.1%), the Social Security and National Insurance Trust (10.6%), the Agricultural Development Bank Plc (6.4%), and SIC Insurance Company Plc (3.5%).


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Ghana International Bank Plc
Dean Adansi
CEO
+44 207 653 0350
customer.services@ghanabank.co.uk
67 Cheapside1st FloorCity of LondonEC2V 6AZ
https://www.ghanabank.co.uk

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries 

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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 

How it works

How it works