Project detail - GHL BANK PLC


Status: Completed investment
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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Ghana Home Loans Limited is Ghana’s leading residential mortgage provider, mostly providing mortgages to middle class Ghanaians. Having started in 2006, GHL has emerged as an entrepreneurial success in the Ghanaian market place. Its total assets are currently in excess of US$100 mln and further growth is anticipated. GHL’s largest shareholder is Aureos (Abraaj), which invested in GHL in 2012.

What is our funding objective?

The funds will be used for on-lending to Ghanaian home owners (owner-occupants). Provision of credit to home owners in Ghana will lead to further development of Ghana's affordable housing market.

Why do we fund this investment?

GHL continues to play an important role in the development of Ghana's housing market. The facility will contribute to job creation in Ghana through the positive impact that mortgage provision has on the development of the local housing (construction) sector. In addition the provision of mortgage loans enhances GHL's capacity to actively reduce the housing crisis in Ghana.

Financial Institutions
Effective date
End date
Total FMO financing
USD 10.00 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)