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Deutsche Bank closes 3 Ghana funding deals worth €162m

Business News of Monday, 11 February 2019

Source: classfmonline.com

Ken Ken.pngFinance Minister, Mr Ken Ofori-Atta

Deutsche Bank has closed three transactions worth a combined 162 million euros with Ghana’s Ministry of Finance to fund projects in the West African nation, the lender said in an emailed statement.

Since 2012, Deutsche Bank has arranged more than 1.3 billion euros of financing related to infrastructure development in Ghana.

First transaction is a 92 million-euro package in which Deutsche Bank was sole arranger for the Kumasi Market development. Deal concluded between Contracta Construction U.K. and ministries of local government and rural development.

Deutsche Bank acted as sole lead arranger, agent and lender for 25 million-euro financing deal between Ellipse Projects SAS France and Ministry of Health for completion and equipping of Bekwai District Hospital.

Third transaction is for combined 45 million- euro financing for social infrastructure between Ghana’s health ministry and Contracta Costruzioni Italia for modernization and equipping of selected existing health facilities.

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