Ghana Development Finance Project

Abstract*

The objective of the Development Finance Project for Ghana is to support the establishment of a financially sustainable development bank to increase access to finance, in particular long-term finance, for viable MSMEs and small corporates. The project has four components. (1) Long-term wholesale financing and technical assistance component will provide a LoC to the DBG to on-lend to PFIs in Ghana, as well as technical assistance to the MoF, DBG, and... Show More

Development Objective

To support the establishment of a financially sustainable development bank to increase access to finance, in particular long-term finance, for viable MSMEs and small corporates

Key Details

Project Details

Project ID
P169742
Status
Active
Team Leader
Neema Mwingu , Carlos Vicente
Borrower 2
Republic of Ghana

Country
Ghana
Disclosure Date
June 12, 2019
Approval Date
(as of board presentation)
October 29, 2020
Effective Date
February 25, 2022

Total Project Cost 1
US$ 250.00 million
Implementing Agency
Ministry of Finance,Development Bank Ghana
Region
Western and Central Africa
Fiscal Year 3
2021

Commitment Amount
US$ 250.00 million
Environmental Category
N/A
Environmental and Social Risk
Substantial
Closing Date
June 30, 2027

Consultant Services required
No
Last Stage Reached
BANK APPROVED
Last Update Date
December 21, 2023

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change11%
- FY17 - Adaptation9%
- FY17 - Mitigation2%

FY17 - Finance

FY17 - Finance for Development3%
- FY17 - Infrastructure Finance3%
FY17 - Financial Infrastructure and Access100%
- FY17 - Credit Infrastructure71%
- FY17 - MSME Finance23%
- FY17 - Payment & markets infrastructure3%
FY17 - Financial Stability77%
- FY17 - Financial Sector oversight and policy/banking regulation & restructuring7%

FY17 - Human Development and Gender

FY17 - Labor Market Policy and Programs3%
- FY17 - Skills Development1%

FY17 - Private Sector Development

FY17 - Jobs1%
- FY17 - Job Creation1%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	250.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	250.00
IBRD + IDA Commitment	250.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	250.00

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

No data available.

Detailed Financial Activity as of April 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Nov 14, 2022	IDA-67880	Int Charges	132,767.02
Nov 14, 2022	IDA-67880	Int Charges	136,915.98
Nov 14, 2022	IDA-67880	Int Charges	2,418.50
Nov 14, 2022	IDA-67880	Int Charges	2,418.50
Nov 14, 2022	IDA-67880	Int Charges	2,494.07
Feb 8, 2024	IDA-67880	Loan Disb	30,000,000.00
May 11, 2023	IDA-67880	Int Charges	194,591.00
May 11, 2023	IDA-67880	Int Charges	194,894.19
Apr 15, 2023	IDA-67880	Int Charges	0.01
Apr 15, 2023	IDA-67880	Int Charges	0.01
Mar 29, 2023	IDA-67880	Loan Disb	5,000,000.00
Jun 8, 2023	IDA-67880	Loan Disb	25,000,000.00
Oct 20, 2023	IDA-67880	Int Charges	5,777.79
Oct 20, 2023	IDA-67880	Int Charges	336,635.47
Oct 20, 2023	IDA-67880	Int Charges	336,635.47
Oct 20, 2023	IDA-67880	Int Charges	347,155.30
Aug 9, 2024	IDA-67880	Loan Disb	55,000,000.00
May 8, 2024	IDA-67880	Int Charges	455,213.22
May 8, 2024	IDA-67880	Int Charges	455,213.22
May 8, 2024	IDA-67880	Int Charges	469,438.62
Nov 14, 2022	IDA-67880	Int Charges	132,767.02
Feb 25, 2022	IDA-67880	Loan Disb	1,360,402.60
May 13, 2022	IDA-67880	Loan Disb	2,600,000.00
Jun 16, 2022	IDA-67880	Loan Disb	26,000,000.00
Oct 29, 2020	IDA-67880	Loan Commitment	250,000,000.00
May 11, 2023	IDA-67880	Int Charges	194,591.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Procurement	Moderately Satisfactory	2024-06-28
Project Management	Satisfactory	2024-06-28
Progress towards achievement of PDO	Satisfactory	2024-06-28
Financial Management	Satisfactory	2024-06-28
Monitoring and Evaluation	Satisfactory	2024-06-28
Overall Implementation Progress (IP)	Satisfactory	2024-06-28

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Volume of financing to viable MSMEs and small corporates facilitated by the project Value 0.00 30466710.00 475000000.00
Date December 31, 2019 December 15, 2023 June 30, 2027
Comment
Volume of financing to MSMEs facilitated by the project Value 0.00 0.00 150000000.00
Date
Comment
Average non-performing loans (NPL) ratio of the PFIs' loan portfolio financed by the Project Value 0.00 0.00 10.00
Date June 30, 2020 September 30, 2023 June 30, 2027
Comment
Average maturity of sub-loans extended by participating financial institutions under the project Value 0.00 5.90 6.00
Date June 30, 2020 December 15, 2023 June 30, 2027
Comment
DBG’s return on equity Value 0.00 4.73 15.00
Date December 31, 2019 November 30, 2023 June 30, 2027
Comment
Risk-based supervision (RBS) approach developed and implemented by the SEC Value No RBS No RBS RBS approach implemented
Date June 30, 2020 September 30, 2023 December 31, 2026
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Volume of DBG loans to participating financial institutions (PFIs) financed by the project Value 0.00 50760535.00 175000000.00
Date June 30, 2020 December 15, 2023 June 30, 2027
Comment
Volume of guarantees issued under the project Value 0.00 0.00 175000000.00
Date December 31, 2019 September 30, 2023 June 30, 2027
Comment
Percentage of capital market operators that undergo inspection by the SEC during the year Value 20.00 21.00 50.00
Date June 30, 2020 September 30, 2023 June 30, 2027
Comment

Feedback received from the beneficiary satisfaction survey addressed and used to improve project interventions	Value	No survey	No survey	Feedback addressed and used to improve project int
	Date	June 30, 2020	September 30, 2023	June 30, 2027
	Comment

Digital financing platform established and operational Value No platform No platform Platform established and operational
Date December 31, 2019 September 30, 2023 June 30, 2027
Comment
Number of capital market professionals trained under the project Value 0.00 0.00 250.00
Date June 30, 2020 September 30, 2023 June 30, 2027
Comment
Volume of DBG loans to PFIs for low-carbon and climate resilient investments financed by the Project Value 0.00 2284480.00 8750000.00
Date June 30, 2020 December 15, 2023 June 30, 2027
Comment
Volume of DBG loans to PFIs for women-owned/controlled enterprises financed by the Project Value 0.00 10641104.00 17500000.00
Date June 30, 2020 December 15, 2023 June 30, 2027
Comment
DBG’s maximum non-performing loan (NPL) ratio Value 0.00 0.00 5.00
Date June 30, 2020 September 30, 2023 June 30, 2027
Comment

Volume of financing to viable MSMEs and small corporates facilitated by the project	Value	0.00	30466710.00	475000000.00
	Date	December 31, 2019	December 15, 2023	June 30, 2027
	Comment

DBG’s return on equity	Value	0.00	4.73	15.00
	Date	December 31, 2019	November 30, 2023	June 30, 2027
	Comment

Risk-based supervision (RBS) approach developed and implemented by the SEC	Value	No RBS	No RBS	RBS approach implemented
	Date	June 30, 2020	September 30, 2023	December 31, 2026
	Comment

Percentage of capital market operators that undergo inspection by the SEC during the year	Value	20.00	21.00	50.00
	Date	June 30, 2020	September 30, 2023	June 30, 2027
	Comment

Digital financing platform established and operational	Value	No platform	No platform	Platform established and operational
	Date	December 31, 2019	September 30, 2023	June 30, 2027
	Comment

Ghana Development Finance Project

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

Stay Connected, sign up for our:

Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

Detailed Financial Activity as of April 30, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS