AMEL Ghana supports Mantrac customers with financial solutions

AMEL TwinRock1AMEL (Africa Middle East Leasing) Ghana has received its operational licence from the Bank of Ghana and has already offered financial solutions to 24 customers 

AMEL Ghana obtained the license from Bank of Ghana in May this year as a non-Bank financial institution. Therefore, 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 organisations. Having a financial partner that speaks the same language as their customers is real added value.” 

So far, 24 customers have received financial offers from AMEL Ghana for a total of 112 machines. In the first four months of activity US$8.9mn of net investments were activated and US$9.1mn are in the potential pipeline.

One of the first contracts activated in June was granted to Mantrac’s customer, Twin Rock, a big mining player in Ghana. AMEL helped with the acquisition of three new Cat 77E Off-Highway Trucks and one D9 Dozer.

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

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.

Visit the AMEL website to find out more:

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W:

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