CALBANK SIGNS USD108M TERM FACILITY WITH OPIC AND CITIBANK TO SUPPORT SMES

Accra, Ghana – CalBank announces the closure of a USD108million term facility with the Overseas Private Investment Corporation (OPIC) and Citibank (Citi)for on-lending to Small and Medium Enterprises (SMEs) in Ghana. This arrangement will enable CalBank to advance loans at relatively low interest rates to SMEs in Ghana with flexible repayment terms. In addition, beneficiaries of this short to medium term financing will have access to dollar denominated loans for business expansion and new equipment.