The Development Bank Ghana (DBG) has disbursed more than GH¢2.5 billion to businesses since its establishment, with a significant share going into sectors considered critical to Gh
The report indicates that the Development Bank Ghana (DBG) has disbursed more than GH¢2.5 billion to businesses since its establishment, with a significant share going into sectors considered critical to Ghana’s economic transformation.
It further notes that dBG Chief Executive Officer, Prof Randolph Nsor-Ambala, stated the bank’s financing is targeted at areas where private capital has struggled to provide adequate funding.
Speaking on Joy News’ PM Express Business Edition, Prof Nsor-Ambala stated more than 60% of the bank’s disbursements have gone to women-led and women-owned businesses.
He stated more than half of the funds have also been channelled into agribusiness, agriculture and manufacturing.
“There are components of those disbursements that have gone into energy transition. There are components; about 40% of that disbursement has gone into micro, small, and medium enterprises.”
Prof Nsor-Ambala stated the bank’s interventions are aimed at sectors that are central to Ghana’s economic transformation.
“This speaks to the heart of what Ghana requires to be able to achieve its aspiration around a massive industrialisation footprint.”
The DBG CEO stated the bank has worked with almost 1,000 businesses so far.
About half of these businesses are located outside the Greater Accra Region.
“As we speak, we have a footprint in every region except one,” he said.
Prof Nsor-Ambala explained that DBG’s financing priorities are based on studies and data on sectors that can drive sustainable and inclusive economic growth.
“Our focus areas are essentially agriculture, manufacturing, ICT, and what we call high-value services.”
He stated high-value services include education, health, transportation and tourism.
According to him, these sectors have significant growth potential but face market failures and binding constraints that require deliberate intervention.
