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Societe Generale Group, one of the leading French Banks with over 80 subsidiaries throughout the world, has signed a US$45million Loan Agreement with government for the Accra Streets Asphalting project.

Societe Generale has invested in Ghana’s financial sector in view of the stable political environment, prudent and efficient manner of running the Ghanaian economy by government. Even with the current economic challenges, Societe Generale believes that with the pragmatic economic measures put in place by the government the Ghanaian economy will bounce back on track.

In Ghana, Societe Generale Ghana, which is the local subsidiary of Societe Generale, has 40 branches all over the country.

There is rule of law and respect for human rights in the country, and its democracy has deepened. Therefore, as a true development partner of Ghana Societe, Generale has financed various Government of Ghana projects to the tune of US$500million between 2009 and 2015.

Some of the projects Societe Generale has financed include the Aboaze Thermal Plant; Fire Tenders for the Ministry of Interior; Steel Bridges for the Ministry of Roads & Highways; E-Government Project for the Ministry of Communication; 2 GRIDCo Transmission Projects; and participation in the Ghana Cocobod Cocoa Syndication since 1997 to date.

Societe Generale Group is happy to support the Ghana road sector by financing the US$45million Accra Streets Asphalting project. The signing of this agreement today has come at an opportune time to support Ghana’s government to address some of the challenges in the road sector particularly Accra streets.

It is our desire to partner the Ghanaian government in the socio-economic development of this country, and to strengthen the already cordial business relations that presently exist between Societe Generale Group, Societe Generale Ghana, and the government of Ghana in the years ahead.