Access to financial services is one of the major constraints for development in Ghana. DEG, FMO, Swedfund and the European Financing Partners (EFP) invested in the Ghanaian Fidelity Bank. DEG arranged a USD 60 mln long-term loan together with FMO (USD 18.5 mln), Swedfund (USD 14 mln) and European Financing Partners (EFP) (USD 9 mln).
With a network of 45 branches and more than 1.500 employees, Fidelity Bank is one of the leading banks in Ghana. The financing will help the bank further expand its SME business.
For more information, please visit DEG' website