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UT Bank Receives US$15m Capital Injection From IFC
UT Bank Limited Ghana has signed a US$15m joint-equity investment with the International Finance Corporation (IFC), a member of the World Bank Group, and the Africa Capitalisation Fund Ltd. which is managed by the IFC Asset Management Company, Ltd. The investment will help expand UT Bank�s lending to small and medium businesses in Ghana. IFC will also extend an Advisory Services programme to strengthen UT Bank�s risk management and corporate governance practices.
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