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Private Enterprise & Export Development (PEED) Project
Wednesday, 31 May 2006 10:58

Private Enterprise & Export Development (PEED) Project
 
The Government of Ghana in collaboration with the International Development Association (IDA) initiated the project to promote non-traditional exports by making export credits available through the banking systems to non-traditional exporters.



There are 2 types of facilities under this scheme: 

  • Short term credits in foreign exchange or cedis through participating banks: Loans granted under this must be repaid within 360 days.
  • Term Loan facility: Loans under this are medium term and are repayable over 5 years with up to a year’s moratorium.           


Eligibility Criteria 

Ownership – applicants business must be at least 51% privately owned and the public sector must not be the largest single shareholder. 

Export Activity:
 
Only businesses exporting commodities other than gold, diamond, cocoa electricity or raw timber are to apply for funds. 

NTEs Contribution 

Enterprise to maintain a total debt of equity ratio of not more than 4.1. 

Obligations of NTEs Prospective beneficiaries to support applications with confirmed purchase order. 

Participating Banks

  1. Agricultural Development Bank
  2. Barclays Bank
  3. Cal Bank
  4. Ecobank
  5. First Atlantic Merchant Bank
  6. Ghana Commercial Bank
  7. National Investment Bank
  8. Prudential Bank Ltd
  9. SG-SSB Limited
  10. Standard Charted bank
  11. The Trust bank
  12. International Commercial Bank