Ghana - UniBank (Ghana) Limited

Project Summary

Approval Date 14 Oct 2015
Signature Date 14 Jul 2016
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 10,374,233.17
Status Completion

Project General Description

The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, October 14, 2015, in Abidjan, a US $15-million trade finance line of credit for UniBank Ghana (UniBank) to enhance its capacity to finance small and medium enterprises (SMEs) and indigenous firms operating within the tradable sector in Ghana. The facility is a fully funded three-year trade facilitation (senior) loan which will be used by UniBank to support Trade Finance (TF) instruments issued largely in favour of SMEs and indigenous firms in Ghana.

Project Objectives

The project will help address critical market demand for TF and dollar liquidity in Ghana by supporting trade for indigenous firms and SMEs in vital economic sectors such as non-traditional exports, agri-business, construction and light manufacturing. It will foster financial sector development, enhance regional integration and contribute to government revenue generation at a time when the Ghanaian economy is faced with fiscal pressures and liquidity challenges. It will result in the provision of significant trade finance support to local businesses and SMEs in Ghana for longer tenors than generally available. Counting rollovers, the project is expected to facilitate approximately US $90 million of export-import related activity in intermediate and finished goods, raw materials and equipment to support economic growth. The proposed facility aligns with AfDB’s Ten Year and Regional Integration strategies, and particularly with the Bank’s Financial Sector Development Strategy which seeks to (i) increase access to financial services for the underserved and (ii) broaden and deepen Africa’s financial systems. It also aligns with the Bank’s Private Sector Strategy by (i) contributing to the improvement of the investment and business climate in Ghana by supporting UniBank with medium-term trade finance; (ii) promoting enterprise development in Ghana through increased access to appropriate trade finance for SMEs and local corporations.


The main beneficiaries are SMEs and indigenous firms in Ghana.

Participating Organization

UniBank (Ghana )
African Development Bank


IATI identifier 46002-P-GH-HAB-004
Last Update 24 Mar 2023


Contact Details


Geographic Location

Country Ghana
Coordinates Location Name
8.1 -1.2 Ghana