Our sister company, AMEL Ghana (Africa Middle East Leasing), has received its Operational License from the Bank of Ghana and has already offered financial solutions to 18 of our customers.  

AMEL Ghana put in its application for the license to the Bank of Ghana in January 2020 and is now an approved non-Bank financial institution, meaning it can offer tailored financial leasing solutions and advisory services to help corporations and SMEs in Ghana meet their business goals.  

Simone Sbarigia, Managing Director of AMEL Ghana, said: “AMEL is designed to reduce the level of bureaucracy that’s typical of many financing organisaitons. Having a financial partner that ‘speaks’ the same language as their customers is real added value.” 

So far, 18 customers have received financial offers from AMEL Ghana for a total of 99 machines, representing 13.5m $ and 20.7m Ghanaian Cedi (GHS) of Net Investment. Of these, $9.5m worth of offers were approved at the end of June. 

One of the first contracts activated in June was granted to Mantrac customer, Twin Rock, a big mining player in Ghana. AMEL helped with the acquisition of three new Cat 77E Off-Highway Trucks.  

The first generator and first forklift were also approved in June for other customers.  

Mr Sbarigia added: “We offer leasing solutions by listening to the financial needs of the customers and propose tailor made combinations of rentals, down payment and duration. We can also offer customers different payment periodicity, like monthly and quarterly.” 

Many more offers are under credit analysis or under discussion in the first days of July, both in US dollars and in Ghanaian Cedi (21% of deals) and more are expected in the coming weeks. 

 

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