WCSS SG GHANA

completed

SG Ghana is a tier II universal bank in Ghana. The Bank, formerly known as SG-SSB Limited, was incorporated in Ghana in 1976 with the Social Security and National Insurance Trust (“SSNIT”) as its sole shareholder. In 2003, SG Financial Services Holding, a wholly owned subsidiary of Societe Generale SA, acquired 51% of the capital of the Bank and in 2009 increased the stake to 52.24%, making it the majority shareholder. The Bank is listed on the Ghana Stock Exchange (“GSE”) and provides banking services to corporate, retail and SME clients through a network of 37 branches across Ghana.IFC will offer Societe Generale Ghana (“SG Ghana” or “the Bank”) a senior loan of up to US$30 million with a maturity of 1 year, renewable up to two times at IFC’s discretion for a total period of 3 years. The purpose of the IFC investment is to provide trade-related, working capital loans to importers and distributors of critical energy and food commodities and machinery and equipment.