Finnfund provides US$10 million loan to First National Bank Ghana to strengthen capacity in Ghanaian financial sector
Press release 17 August 2020Finnfund, a Finnish development finance company and impact investor, has provided a US$ 10 million senior loan to First National Bank Ghana Ltd. One of the key objectives of Finnfund’s investment is to support the Ghanaian financial sector and the growth of small and medium-sized enterprises (SMEs), and in particular, foster affordable housing in the country. According to estimations, Ghana is facing a shortage of approximately 2 million homes against a population of 30 million. First National Bank Ghana (FNB Ghana)