A US$200 million medium-term loan facility has been obtained by Ecobank Ghana PLC to fund the Sentuo Oil Refinery’s second phase expansion.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd

Ecobank Ghana PLC has been appointed as the Lead Arranger and Book Runner for a US$200 million medium-term loan facility to support the second phase expansion of the Sentuo Oil Refinery.

The move is expected to bolster Ghana’s energy security and accelerate industrial development. The agreement was formalized through the signing of a Memorandum of Understanding (MoU) between Ecobank Ghana and Sentuo Group in Accra.

Abena Osei-Poku, Managing Director of Ecobank Ghana PLC, described the deal as a major milestone for both the refinery and the nation’s industrial and energy sectors. She noted that the financing demonstrates Ecobank’s capacity to originate, structure, and deliver large-scale financial solutions aligned with national development goals.

Source: newsthemegh.com