Our investment
Description of the investment.
Description of the investment.
This investment will extend much-needed financing to micro, small and medium enterprises (MSMEs) in Ghana. MSMEs form the backbone of Ghana’s economy - they account for over 90 per cent of all businesses, drive 60 per cent of GDP and account for 80 per cent of employment in the country. However, they continue to face significant barriers to accessing long-term capital. Through this funding, we will help unlock opportunities for businesses, enabling job creation, strengthening resilience, and fostering sustainable development.
Impact information
Applies to investments made from 2019 onwards. The tabs in this section define what we expect to achieve through the investment, assessing the potential impact of the investment against six dimensions of impact. You can find more details on our methodology of assessing impact here.
Applies to investments made from 2019 onwards. The tabs in this section define what we expect to achieve through the investment, assessing the potential impact of the investment against six dimensions of impact. You can find more details on our methodology of assessing impact here.
What?
| Impact |
|---|
Strengthen capacity of domestic financial institutions to expand access to financial services for micro, small, and medium enterprises (MSMEs), and improve access to financial services for MSMEs (SDGs 8.5, 8.10, 9.3). |
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How?
| How? |
|---|
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Enable the bank to on-lend to MSMEs to support business growth and enable job creation. |
Who?
| Stakeholder | Geography | Characteristics |
|---|---|---|
| Owners (MSMEs) and their employees |
Ghana |
MSMEs across ten sectors including commerce, agriculture, and construction. The majority are medium-sized enterprises. |
How much?
| Scale | Depth/Duration |
|---|---|
|
The MSME loan book is expected to grow by a minimum of $20 million (size of BII's facility). |
Duration: Likely three years (average loan tenor of the bank) or longer based on the mix of working capital and CapEx loans, the impact of the latter typically materialising in the long-term. Depth: Varying scale given type of loan, includes increased income and new skills learned. |
Contribution/additionality
| Contribution/additionality |
|---|
|
Financial additionality: Our capital is additional at the market and bank level. Ghana is undergoing a debt restructuring programme, which has increased perceived investor risk and reduced the availability of long-term USD in the market. The bank needs long-term capital to be able to on-lend to MSMEs, a typically underserved segment. |
Risk
External RiskRisk that macroeconomic changes will affect the bank's ability to grow the loan book as projected. Execution RiskRisk that the bank has ambitious growth targets. However, our assessment of the strategy and revised targets give comfort. |
Impact score
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Impact score (at point of investment)
The Impact Score is a tool to help us manage our performance against our strategic impact objectives. It is designed to incentivise investments that support our productive, sustainable, and inclusive objectives. The Impact Score shown is based on the 2022-2026 Impact Score methodology. You can find out more here. The Impact Score is published for investments made from 2022 onwards. The Impact Scores are calculated at the point of investment. We publish the Impact Scores of new investments annually, once the information has been externally assured by an independent third party. |
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6 |
Environmental and social information
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Environmental and social summary
A high-level description of the environmental and social aspects of the investment. This may include a summary of key environmental and social risks identified during environmental and social due diligence (ESDD); key elements of an environmental and social action plan (ESAP); or ways in which we plan to support the investee improve environmental and social standards, such as through their environmental and social management system (ESMS); as well as any other priority areas agreed with the investee.
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Environmental and social risk
A risk category rating, which indicates the level of environmental and social risk associated with an investment. For an explanation of the categorisations used, see here. We consistently provide an environmental and social risk category for all investments screened from 2023 onwards.
Environmental and social summary
We agreed on an ESAP focused on enhancing the Bank’s ESMS implementation procedures, E&S capacity, and developing HR Policies related to non-discrimination and equal opportunities.
Environmental and social risk
Medium-High
Reporting and Complaints Mechanism
The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to [email protected] or by mail. See more details on our Reporting and Complaints Mechanism here.
For any other general enquiries contact us at [email protected]
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Key facts
- Last updated
:
When the last quarterly update of the website database occurred.
- June 2026
- Project number
:
An identifier number shared by investments in the same project.
- D8029
- Status
:
The current status of the investment (green flag for active and red flag for exited).
- Active
- Region
:
The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.
- West Africa
- Country
:
The countries where the investment delivers impact. Where impact is delivered in multiple countries, this is indicated.
- Ghana
- Sector
:
We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.
- Financial services
- Sub sector
:
The sub-sector that the investment is made into; this provides a more granular level of detail than the ‘sector’ information
- Regional Banks
- Investment policy :
- Growth
- Investment type :
- Debt
- Start date :
- December 2025
- Amount :
- $20m
- Currency of investment :
- USD
- Domicile
:
The company or investment fund’s place of incorporation.
- Ghana
We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.
Type of investment portfolio that each investment is made under. Since 2014, we have run two investment portfolios: Catalyst and Growth. In addition, our Kinetic Portfolio enables us to manage concessional investment strategies.
For direct investments and fund investments, this is the date BII committed capital to the investments. This is typically the date on which legal agreements are signed by all parties.
For the portfolio companies of our fund investments, this is the date (either the month or the quarter) on which the fund committed capital to the portfolio company.
For direct equity investments, this is the date at which British International Investment exited the investment.
For debt investments, this is the date at which the final debt repayment was made.
For funds, this is the date at which the fund was terminated.
For underlying fund investments, this is the date at which the fund manager exited the investment.
The total amount committed, per financial instrument, per investment, on the date BII becomes subject to a binding legal obligation to provide funding or assume a contingent liability. This information is provided in US dollars.
For direct investments, this is the amount that BII has committed to the business or project. For fund investments, this is the amount BII has committed to the fund.
The currency in which the investment was made.
- Last updated
