Ghana to Benefit From E2.2bn Loan to ACP Countries

The European Investment Bank has presented a sum of 2.2 Euros to ACP countries of which Ghana will be benefiting as a member. A Senior Loan Officer for the European Investment Bank in charge of West Africa and Sahel, Mr. Michel Marciano made this known to the Minister for Private Sector Development, Mr. Kwamena Bartels when he called on him at his office in Accra on Wednesday. Mr. Marciano said Ghana's share of the loan would be channelled through the Social Security Bank and EcoBank for disbursement to boost up private sector development. Mr. Bartels said the problem facing the private sector is the access to long-term loans.He said when the loan is released to the private sector, it will go a long way to expand business in the private sector for the youth to get employment.
He expressed the hope that the loan would be affordable to allow many people access to it.