The Development Bank Ghana (DBG) has disbursed more than GH¢2.5 billion since its inception, with nearly half of the beneficiary businesses located outside the Greater Accra Region
The report indicates that the Development Bank Ghana (DBG) has disbursed more than GH¢2.5 billion since its inception, with nearly half of the beneficiary businesses located outside the Greater Accra Region.
It further notes that chief Executive Officer of DBG, Prof Randolph Nsor-Ambala, stated the bank’s interventions are deliberately targeted at sectors considered critical to Ghana’s economic transformation.
He stated the bank has so far reached almost 1,000 businesses across the country.
“As we speak currently, you would have heard the buzz around the fact that we have disbursed in excess of ¢2.5 billion,” he said.
Prof Nsor-Ambala explained that more than 60% of the funding has gone to women-led and women-owned businesses.
He added that more than half of the disbursements have gone 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,” he said.
According to him, about 50% of the businesses reached by DBG are located outside Greater Accra.
“As we speak, we have a footprint in every region except one,” he said.
Prof Nsor-Ambala stated the bank’s focus is guided by 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 said.
He explained that high-value services include education, health, transportation and tourism.
He stated these sectors have significant growth potential but also face market failures and constraints that require deliberate interventions.
“These are the sectors that will contribute massively; we call them growth pole areas, yet they’ve got market failures and binding constraints that require deliberate interventions,” he said.
