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Who is our client

Access Bank Ghana is a medium sized commercial bank that offers full financial services to corporate and SME clients in Ghana. Access Bank Ghana is a listed bank in Ghana since 2016 and part of Access Bank Plc, a top banking group based in Nigeria. The Access Bank Group has operations in several other African countries and presence in the UK, Asia and the Middle East.

Funding objective

FMO provided a USD 25 million senior loan facility to Access Bank Ghana. The funding purpose is to strengthen the bank’s loan book following several years of limited growth in the Ghanaian banking sector. Part of the facility is specifically dedicated towards female SMEs and as such the facility will help the bank to build its (female) SME segment. Access Bank's W initiative, launched in 2014 is dedicated towards providing tailored banking services (both financial and non financial) to female clients.

Why we fund this project

FMO is committed to inclusive economic development. By providing long-term funding and gender related support to Access Bank Ghana, FMO will contribute to women‘s economic empowerment and to the development of a robust SME and corporate sector in Ghana. The banking sector in Ghana is a fundamental channel of economic recovery and growth. FMO can play a positive role by increasing long-term financing capacity as well as helping Access Bank Ghana to finance a diverse range of sectors including SMEs within the Ghanaian market. 46% of businesses in Ghana are female owned, as such Ghana emerges a leading country in the MasterCard Index of Women's Entrepreneurship (MIWE). This underscores the relevance of FMO's support for female owned businesses.

Environmental and social rationale

Access Bank Ghana is classified as an E&S Cat B. The high E&S risk portfolio consists of mining and quarrying and electricity/gas/water. The bank has very limited involvement in project finance and the larger exposures are short-term transactions (e.g. trade finance), which typically have a low E&S impact. The bank has implemented an ESMS and in its application, the Ghana office gets support from Group level (Nigeria).

More investments

Date Total FMO financing
9/29/2014 USD 20.00 MLN
Financial Institutions
Signing date
Total FMO financing
USD 25.00 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)