ATI launches operations in Ghana
The African Trade Insurance Agency (ATI) has launched its operations in Ghana, with a shareholding valued at $17.6 million which was provided with the financial support of German development bank KfW.
In 2019, ATI insured transactions across Africa valued at $6.4 billion and expects to insure much of its current pipeline of transactions in Ghana valued at $1.2 billion.
ATI plans to support Ghana in several key areas of its economy. Specifically, the institution can support Ghanaian banks by providing access to credit insurance that will act as collateral.
The energy sector is another area that ATI hopes to support with its Regional Liquidity Support Facility (RLSF), which can be accessed once Ghana signs onto the RLSF Memorandum of Understanding.
