Ghana - Line of Credit to CAL Bank Limited

CAL Bank limited is committed to financing environmentally and socially sustainable projects that do not adversely impact on the environment and the communities in which they operate in. As a financial institution with sustainability values and objectives and therefore, in pursuit of its dual goals of sustainable development and profitability, CAL Bank has put in place an ESMS that ensures that its management commits to environmental and social sustainability. This organization also initiated a Line of Credit (LoC) for which the indicative pipelines are in the following sectors: Transport; Energy; Telecommunications; Agribusiness; Manufacturing; NBFIs; Commerce; Construction and Health. The ESMS evaluation uses checklists for assessment of E&S risk and determining project category risk. Loans above GHS500,000 and based on identified risk are cateogorised including all loans to Petrol and Gas dealers, Construction etc. whose financing may be below GHS500,000.