Ghana - Line of Credit to CAL Bank Limited


Project Summary

Approval Date 24 Jul 2008
Signature Date 17 Nov 2008
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 10,685,739.52
Status Completion

Project General Description

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.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-GH-HAB-001
Last Update 15 Jun 2021

Export

Contact Details

Email private-sector@afdb.org

Geographic Location

Country Ghana