Pulse.com.gh logo
Go


Landmark Deal Ghana-Societe Generale sign $50 million foreign missions rehabilitation deal

The signing of this Credit Facility Agreement has come at an opportune time to support the Ghana Government to address some of the challenges faced by the Ghana Foreign Missions.

  • Published:
Ghana-Societe Generale sign $50 million foreign missions rehabilitation deal play

Ghana-Societe Generale sign $50 million foreign missions rehabilitation deal

Societe Generale Ghana (formerly SG-SSB) has signed a $50 million Credit Facility Agreement with the Government of Ghana to finance the rehabilitation of the Ghana Government Missions abroad. 

The Bank is one of the largest networked Banks in Ghana with over 40 Branches.  Societe Generale Ghana is listed on the Ghana Stock Exchange and is a member of the Ghana Club 100 of the Ghana Investment Promotion Centre. 

Societe Generale Ghana has more than 11,000 Business customers and 216,000 Retail Customers.  As a subsidiary of Societe Generale Group present in 19 African countries, the Bank offers Universal Banking services to its clients and the opportunity to directly transact business in the sub-regional and African market.

Societe Generale Ghana is happy to support the rehabilitation of Ghana’s Missions abroad with this financing of $50 million.  The signing of this Credit Facility Agreement has come at an opportune time to support the Ghana Government to address some of the challenges faced by the Ghana Foreign Missions.

It is Societe Generale Ghana’s desire to partner Ghana in the socio-economic development of the country and to strengthen the already cordial business relations that have existed for many years between the Societe Generale Group, Societe Generale Ghana and the Government of Ghana.

All observers acknowledge that there is rule of law and respect for human rights in Ghana and that the country’s democracy has deepened.  Therefore as a true development partner of Ghana, Societe Generale Ghana and the Societe Generale Group have financed various Government of Ghana projects to the tune of USD600 million between 2009 and 2016. 

Some of the projects Societe Generale has financed totally or as a participating bank in a syndication include the Aboadze Thermal Plant; Fire Tenders for the Ministry of Interior; Steel Bridges for the Ministry of Roads & Highways; E-Government Project for the Ministry of Communication; 2 GRIDCo Transmission Projects; the Accra Streets Asphalting; the Kwame Nkrumah and Kasoa Interchanges and the Ghana Cocobod Cocoa Syndication since 1997 to date.

Societe Generale has significantly invested in Ghana’s financial sector in view of the stable political environment and improving the economy with strong medium and long-term prospects. 

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Ponzi schemes in Ghana These investments are Ponzi schemes in Ghana, so...bullet
2 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions public...bullet
3 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
4 How to make money online Online jobs; how to make money on YouTube...bullet
5 Menzgold Ghana Investment company closes down its Gold Vault Marketbullet
6 Education Top 5 private high schools in Ghana according to WAECbullet
7 Salaries In 2018 Here are the dates public workers will be...bullet
8 Mutual funds in Ghana Top 5 mutual funds in Ghanabullet
9 Tax Hikes Majority to support tax increasebullet
10 BoG cancels acquisition of adb shares by Belstar & 3...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Money Alert Meet Africa's richest womanbullet
3 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
4 Tech 6 reasons you should buy an iPhone SE instead of any of the...bullet
5 Support Finance minister buys Kantanka carbullet
6 New Discovery Ghana discovers new mineral, lithium in...bullet
7 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
8 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
9 New Phone Nokia’s MWC 2018 event in 7 minutesbullet
10 New Phones Nokia MWC 2018 Event in 5 minutesbullet

Business