The Ministry of Finance (MoF) has received a project preparation advance (PPA) from the World Bank toward the cost of the Ghana Development Finance Project (the Project), and it intends to apply part of the proceeds for consulting services.
The Project’s objective is to increase access to finance for Ghanaian enterprises, particularly small and medium enterprises (SMEs). Women-owned/led SMEs will be particularly targeted. The Project will support the establishment of the Development Bank of Ghana (DBG), which will provide wholesale financing/lines of credit and partial credit guarantees (PCGs) to eligible participating financial institutions (PFIs), and support the development of a digital financing platform, among other activities.
The DBG will be a wholesale development bank, established as a company, licensed by the Bank of Ghana under the new Development Finance Act under preparation, and will have sound corporate governance (independent board and professional management).
The consulting services (the Services) include advisory role to the Interim Board/Project Director in the establishment of the DBG and Project preparation, including the implementation of Project preparatory activities.
The detailed Terms of Reference (TOR) for the assignment can be found at the following website: www.mofep.gov.gh
The Ministry of Finance now invites eligible individual consultants (“Consultants”) to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services by submitting the most current CV. The short-listing criteria from the CV are: (i) a post-graduate academic qualification in Business, Economics, Public Administration/Management, or other relevant social science; (ii) a minimum of 15 years of practical experience (including 6 years in senior management position) in development finance or banking, preferably in developing country contexts; (iii) experience of working in Ghana is required; and (iv) competencies in credit risk management, evaluation of financial institutions, SME finance, and portfolio investment in low risk financial assets are an advantage.
The attention of interested Consultants is drawn to Section III, paragraphs, 3.14, 3.16, and 3.17 of the World Bank’s “Procurement Regulations for IPF Borrowers” July 2016 revised November 2017 and August 2018. Setting forth the World Bank’s policy on conflict of interest.
A Consultant will be selected in accordance with Individual Selection Method set out in the Procurement Regulations
Expressions of interest which must bear the title National Development Finance Advisor must be delivered in a written form to the address below (in person or by mail, or by e-mail) by 5:00pm GMT on March 18, 2020
Further information can be obtained at the address below during office hours from 8:30 am to 4:30 pm, local time or through GDFP@mofep.gov.gh
Address – For Submission of Expressions of Interest:
Ministry of Finance, 28th February Road,
Finance Drive,
P.O. Box MB 40
Accra-Ghana
New Block, Room 119
Attention: Project Coordinator,
Financial Sector Division (FSD)
Telephone Number +233(0)240-956-958
Online submission: GDFP@mofep.gov.gh