Consolidated Bank Ghana Ltd. (CBG) has successfully raised GHS 350 million for Kasapreko Company PLC, marking a significant milestone in Ghana’s financial sector.
Since its establishment, CBG has disbursed over GHS 1.6 billion in loans to more than 5,600 businesses across various sectors, including energy, tourism, and agriculture. This reflects the bank’s commitment to providing meaningful financial solutions to Ghanaian enterprises.
The bank’s Corporate and Institutional Banking (CIB) division, through its Syndications and Capital Markets (SCM) department, has led significant transactions. These include a GHS 1 billion syndication for the power sector, a $29.6 million financing for Ghanaian-owned hotels, and the GHS 7.93 billion COCOBOD exchange programme, solidifying CBG’s role as a key financial partner.
The financing programme for Kasapreko, initiated in February 2024, was structured as a GHS 600 million Note Programme. The first series raised GHS 150 million, and the second series, completed in September 2024, secured an additional GHS 200 million, both of which were oversubscribed.
This achievement not only sets a new benchmark for capital raising in Ghana but also demonstrates the growing sophistication of the country’s capital market in supporting indigenous businesses. The total programme size provides Kasapreko with substantial financial flexibility for its operations and expansion plans, particularly within the African Continental Free Trade Area (AfCFTA).
CBG’s success in raising GHS 350 million for Kasapreko reinforces its leadership in structuring innovative financial solutions for local companies. This accomplishment solidifies CBG’s position as a trusted partner for Ghanaian enterprises seeking transformative financial solutions.
