The African Development Bank (AfDB) has approved US$15mn of trade finance credit for UniBank Ghana.

The facility is a fully funded three-year trade facilitation senior loan and will enable UniBank to provide affordable medium-term liquidity support for on-lending to small and medium enterprises (SMEs) and indigenous firms in Ghana.

According to an AfDB statement, it will be used to support trade finance and dollar liquidity demand in sectors such as non-traditional exports, agri-business, construction and light manufacturing, facilitating approximately US$90mn of export-import related activity in intermediate and finished goods, raw materials and equipment to support economic growth.