Sinapi Aba to invest GH¢ 30 million in water, sanitation, and health-related businesses

/ February 28, 2020

Sinapi Aba has disclosed plans to invest over GH¢ 30 million into small-scale businesses operating in the area of Water, Sanitation, and Health (WASH). The investment will cover a period of five years which will benefit close to 1, 500 entrepreneurs and ultimately impact the lives of five million people.

“We are projecting to impact over five million lives including those of children because we believe households and not individuals will be benefiting from the investment. If it is a public toilet, that means a community of about five thousand people would have access to improved sanitation and safe water,” said Joyce Owusu-Dabo, Programmes Manager for the company.

Sinapi Aba for the past three years has invested GH¢ 13.7 million in WASH-related businesses. Speaking on the new initiative, Chief Executive Officer for Sinapi Aba, Tony Fosu, explained the loan facility would make finance easily accessible to entrepreneurs with businesses in the WASH sector.

About Sinapi Aba

Sinapi Aba Savings and Loans is a new company born out of Sinapi Aba Trust. It is a Non-Banking Financial Institution licensed under the Non-Bank Financial institutions Act 2008(Act 774), authorized to carry on the business of Savings and Loans on the 28th of March, 2013 in Ghana. All loan and savings activities that were previously managed by the Trust are new under the care of the savings and loans company.