Audio By Carbonatix
CalBank Ghana will be expanding its support to the Small and Medium Enterprises (SMEs) sector of the economy in the coming weeks.
This follows the closure of a financing deal of about $108 million between the Bank, Overseas Private Investment Corporation (OPIC) and CitiBank.
The deal by the three parties is to allow CalBank to extend its support to the country's SME sector with low interests.
This arrangement will also enable CalBank to advance loans at relatively low interest for business expansion and equipment acquisition.
Managing Director of CalBank Frank Adu Jnr noted "this agreement has been made possible because the parties involved believe in the vision of CalBank and the capability of the bank in supporting the small and medium enterprises over the years.
As a bank, we shall continue to build the necessary partnerships with all our stakeholders even as we journey forward together.”
He also added that CalBank has received previous financing support from both OPIC and Citi to support other sectors of the economy and its operations.
Citi bank is providing $8 million whilst the overseas private investment Corporation is offering $100 million.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
What everyone should know about C-sections
2 hours -
Health Ministry engages Ga Mantse ahead of Free Primary Healthcare launch
2 hours -
We can tackle multiple priorities – Sam George defends Anti-LGBTQ Bill push
3 hours -
Statement: Ghana Chamber of Mines’ Response to Claims in Joe Jackson’s “Ananse Stories about the Economy of Ghana”
3 hours -
GES opens 2026 teacher recruitment for licensed B.Ed graduates
3 hours -
Ghana must value skilled trades, build resilient learners — Ibn Chambas
3 hours -
Ghana must rethink education around relevance, resilience and responsibility — Ibn Chambas
3 hours -
Prince Harry faces defamation lawsuit from charity he co-founded
3 hours -
South Korea deploys thermal cameras to track escaped zoo wolf
3 hours -
Calls for royal meeting with Epstein survivors grow ahead of US visit
3 hours -
Ibn Chambas advocates blend of technology and human values in education
3 hours -
UMA improves healthcare access in Asutifi North with GH₵700k ‘Kim Taylor Legacy’ Walkway
4 hours -
Scholarships Authority and Fanaka University offer sponsorship for procurement and supply chain studies
4 hours -
Bisa Kdei drops new single ‘Go N Look’ featuring Medikal
4 hours -
Benin facing rising terrorism in north as French military presence faces growing criticism
4 hours