Objective Capital's West Africa Investment Conference 2012 Moevenpick Ambassador Hotel in Accra, Ghana 7-9 May 2012 Speaker: Emmanuel Bekoe, SPEED Funding Facility

1. WEST AFRICA
INVESTMENT CONFERENCE
MOEVENPICK AMBASSADOR HOTEL IN ACCRA, GHANA ● MONDAY-WEDNESDAY, 7-9 MAY 2012
www.ObjectiveCapitalConferences.com
Presentation on Activities of SPEED Funding Facility Limited
Emmanuel Bekoe – Fund Director, SPEED Funding Facility

2. Presentation
On
Activities of
SPEED Funding Facility Limited (SFF)
Emmanuel Bekoe – Fund Director

3. SFF OBJECTIVE
To provide MFIs with re-financing on a commercial and
sustainable basis
NEW Indicators:
•The SFF portfolio is extended from 9 MFIs in 2006 to 50 by
2011
• MFIs in at least 5 regions of Ghana, including one region in
the Guinea Savannah Belt.
•At least 2 of the new financial products are applied for by 2
MFIs

4. SFF OBJECTIVE
To provide MSME - FIs with re-financing on a
commercial and sustainable basis.
•SFF is registered as a Company limited by Guarantee
•SFF is generating sufficient income to cover its loan losses
and a significant part of its real overhead costs.

5. SFF has 3 Loan Products
Developmental Loan with Technical Assistance - GH¢100,000
Revolving Loan - GH¢300,000
Further Loan GH¢ 500,000
Types of Products

6. BDS component
6
Lending Terms
Interest Rate: Prime Rate + Max 2%
Repayment Period: 18 months to 36 months
Moratorium: 6 months on principal max

7. Chosen Target Group Rural Bank Sector
133 Rural Banks gives a high level of national coverage
70 – 80 ranked as satisfactory in terms of overall performance
Top 100 rural banks each have total assets of over GH¢3.2milloion with the top
20 having total assets of between GH¢42-18 million

8. BDS component
8
Performance Indicators-2011
The total assets of the 134 Rural Banks was 1.5billion
Total Deposits of all Rural Banks GH ¢910million
Loans made by the rural bank sector were GH¢471million
Total Profit before tax was GH¢36millon
Rural banks are active in microfinance and to a limited extent
SME lending

9. Management Structure
Board of Directors
Chairman
Mr Emmanuel Aseidu-Mante, Former Deputy Govnor- Bank of Ghana and Currently
Board Chairman of Stanbic Bank, Ghana
Members
Mr Kobina Amoah - Ministry of Finance
Mr. Kojo Fynn Board Chairman National Petroteum Authority
Mr. Torsten Schlink – Program Manager GIZ
Mr. Lars Joker – Program Manager Danida
Emmanuel Bekoe – Fund Director
Kaedabi Donkor- Credit Manager
Dickson Adu – Kojo Credit Manager
Kwesi Platt – Accounts Manager
Activity in 2007

10. Rural Bank Clients of SFF as
end of 2011 was 54/134
Ashanti Region 14/24
Brong Ahafo Region 9/20
Central Region 8/21
Western Region 6/13
Volta Region 4/12
Eastern Region 8/22
Greater Accra 2/6
Northern Region 3/16
SFF Clients and Outreach October 2011

11.  Performance Indicators of SFF- 2011
 Total Assets- GH¢12.5million
 Loan Portfolio – GH¢12milliom
 Profit after Tax GH¢792,000
BDS component
11