British International Investment (BII), the UK’s development finance institution, has extended a US$20 million loan facility to First National Bank Ghana (FNBG) to expand financing opportunities for micro, small, and medium-sized enterprises (MSMEs) across the country.

The signed agreement is expected to deepen support for businesses that form the backbone of Ghana’s economy.

MSMEs account for over 90% of all enterprises, contribute 60% to GDP, and provide 80% of jobs, yet many, still struggle to access long-term and affordable capital.

Chief Executive of First National Bank, Warren Adams described the five-year loan as a timely intervention that will allow the bank to scale lending to small businesses navigating economic uncertainties, particularly in the commerce sector.

“This US$20 million facility enables us to extend much-needed financing to MSMEs. It demonstrates our commitment to helping these businesses that are vital to Ghana’s economic growth,” he said.

With the new funding, First National Bank will offer a wider range of long-term loans and working capital solutions, empowering businesses seeking to recover, expand, or modernize their operations.

Adams added that the support aligns with the bank’s broader strategy of providing both financial and advisory solutions to entrepreneurs.

“This facility comes at an opportune time as we deepen our support for Ghana’s MSMEs. Our ambition is to deliver meaningful impact in the communities we serve,” he noted.

The initiative also underscores the strengthening of the UK–Ghana economic partnership. British High Commissioner, Dr. Christian Rogg, highlighted the significance of the collaboration.

“By unlocking loans and investment for small businesses, the backbone of Ghana’s economy, BII is fuelling innovation, creating jobs, and driving sustainable and inclusive growth,” he said. “Together, we are delivering shared prosperity for both our nations.”

Managing Director and Head of Africa at British International Investment, Chris Chijiutomi, emphasized the institution’s commitment to backing enterprises that drive long-term development.

“We are proud to partner with First National Bank Ghana to expand access to finance for MSMEs. This facility will help unlock opportunities, enable job creation, strengthen resilience, and foster sustainable development.”

The funding marks another significant step toward expanding financial inclusion and strengthening Ghana’s private sector, especially at a time when businesses are seeking stability and growth pathways amidst economic pressures.