SG-SSB to facilitate rehabilitation of Ghana's missions abroad


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Societe Generale Ghana

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

By
Benjamin Mensah, GNA

Accra, Aug 26, GNA – Societe Generale Ghana
(formerly SG-SSB) has signed a $ 50 million Credit Facility Agreement with the
Government to finance the rehabilitation of some of Ghana Government Missions
abroad.

Mr Cassiel Ato Forson, Deputy Minister of
Finance and Economic Planning signed for the Government, while Mr Sionle Yeo,
the Managing Director of Societe Generale Ghana initialled for the bank, at a
ceremony in Accra.

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

The Deputy Minister expressed the appreciation
of the Government for the assistance, and pledged the Executive’s commitment to
partner financial institutions and other stakeholders in bringing development
and social improvement programmes to the people.

Mr Yeo, in a comment, said it is the desire of
the bank to partner Ghana in the socio -economic development of the country and
to strengthen the already cordial business relations that has existed for many
years between the Societe Generale Group, Societe Generale Ghana and the
country.

He commended Government for championing rule
of law and respect for human rights in Ghana, which have deepened the country’s
democracy.

He said: “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.

“Therefore as a true development partner of
Ghana, Societe Generale Ghana and the Societe Generale Group have financed
various Government’s…projects to the tune of $600 million between from 2009 –
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.

GNA


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