Proparco Shows Confidence In Ghana’s Economy… increases its portfolio to 100 million Euros

Proparco PixPROPARCO, a subsidiary of the Agence Francaise de Development (AFDC) says it is confident in the long term prospects of the Ghanaian economy.

Consequently, it has decided to increase its portfolio from the current 60 million Euros to €100 million in the next two years.”

Speaking to Ghanaian journalists on a study trip to France, Mrs. Marie-Hellenes Loison, Deputy Chief Executive Officer of PROPARCO said, “Agribusiness, financial sector and the country’s manufacturing sector would benefit from the €100 million.”

“PROPARCO is a development finance institution dedicated to the financing of the private sector, offering a wide range of long term financial instruments in the form of loans, equity investments and guarantees.”

“Its mandate is to foster economic growth through providing the private sector with essential long term resources.”

She said her outfit decided to increase its portfolio because of the growing number of proposals from the Ghanaian private sector for support.

“We have shown a strong commitment in Ghana, with a portfolio of more than €60 million. We are particularly involved in the financing of the financial sector through our partnerships with various Ghanaian banks and non-banking institutions,” she said.”

Mrs Loison said her outfit in Ghana was “positioned as a partner for banks with a focus on the private sector, especially small and medium size enterprises financing.”

“We are also cooperating with banks specialised in mortgage finance to help tackle the housing problem in Ghana,” she said.

On infrastructure, Mrs Loison said the institution was also active in infrastructure funding to bridge the country’s infrastructure gap.

She announced that plans were far advanced for the institution to support Ghana’s palm oil sector to enable it to generate more revenue for the country.

PROPARCO has a long history in Sub-Saharan Africa. In 2012, it provided unprecedented support to the private sector in Sub-Saharan Africa by investing €350 million, almost 50 per cent of its annual funding. From David Adadevoh, Paris, France

 

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