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BOA Ghana
Summary of Proposed Investment

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only.

Project number 31177
Sector1O-AA - Commercial Banking - General
Environmental categoryFI
StatusPending Signing
Date SPI disclosedApril 13, 2012
Projected board dateMay 31, 2012
Previous EventsApproved: February 6, 2013
  Overview     Sponsor/Cost/Location     Development Impact     Contacts     Attachments  

Project description
Investment Services: IFC will offer BOA Ghana (the “Bank”) a suite of products namely, an equity investment up to US$ 8mn (approximately GHS 13mn equivalent) in BOA Ghana Ltd. (“the Bank”) for a shareholding of up to 19.9% through a private placement of new common equity shares, a Senior Loan Facility of up to US$ 10mn. The loan will be denominated in US$ with a proposed term of between 5-7 years and lastly a US$ 10mn Trade Finance Facility under the GTFP Delegated Program Authority. The Facility will guarantee trade transactions of up to 360 months.