EBID supports UMB Bank in Ghana

EBID supports UMB Bank in Ghana

The ECOWAS Development Bank provided $30 million in financing to the Ghanaian financial operator owned by the Fortiz fund.

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            ▪ EBID supports UMB Bank in Ghana

▪ The ECOWAS Development Bank provided $30 million in financing to the Ghanaian financial operator owned by the Fortiz fund.

https://www.africabusinessplus.com/en/809876/ebid-supports-umb-bank-in-ghana/

The purpose of the $30 million financing that EBID provided to the Ghanaian universal bank Universal Merchant Bank Limited (UMB) is intended as a credit line for SMEs. The deal was approved by the Board of Directors of the ECOWAS Development Bank on 1 October at its headquarters in Lomé, Togo.

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