Tag: DBG
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DBG assures of finance support for SMEs to boost economic growth
The Chief Executive Officer of the Development Bank Ghana (DBG), Kwamina Duker has indicated the bank is disbursing at least 600 million Ghana cedis in loans for on-lending to SMEs this year as part of efforts to resuscitate the economy. He maintains that the challenges confronting the local economy can be partly resolved if the…
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DBG partners UGBS to deepen development finance
The Development Bank Ghana (DBG) has partnered with the University of Ghana Business School (UGBS) to deepen development finance knowledge, innovations and its impact. This strategic move, the bank believes will bridge the gap between industry practice and academia through the provision of thought provoking leadership capabilities geared towards offering support for a youth –driven…
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DBG commits to resolve bottle necks limiting economic resilience
The Development Bank Ghana (DBG) has indicated that it is committed to enhancing strategic measures to resolve the bottle necks that limit economic resilience in the country. The Development Bank explains that stimulation techniques towards economic transformation must be championed across all sectors of the economy including agricultural to spur economic growth. Speaking at the…
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DBG to invest in agriculture value chains to tackle food insecurity
The Development Bank Ghana (DBG) has revealed its intention to make targeted investments across four value chains in the agriculture sector, with the aim of addressing the prevailing food insecurity in the country caused by inadequate local production to meet consumption needs. This initiative comes amidst increasing concerns about high food prices in Ghana, which…
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Only 0.5% of 18m tons of cassava is processed – DBG & GIRSAL Forum reveals”
The Chief Executive Officer of Bankyekrom Limited, Sarpei Kwadey, has revealed that a high percentage of cultivated cassava –10 million tons — remains un-uprooted whiles only 0.5 per cent of the annual 18 million metric tons is processed. He said more than 70% of farmers in Ghana produce cassava, and the sector contributes about 22%…
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Development Bank Ghana joins Ghana Association of Banks
The Development Bank Ghana (DBG) was officially admitted to the membership of the Ghana Association of Banks (GAB) on November 1, 2022. DBG, therefore, becomes the 25th Institutional Member, following the approval of the Executive Council of GAB. DBG is expected to complement the efforts of other Institutional Members of the Association in the drive…
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![Government urged not to interfere in DBG’s operations [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2022/01/Kwamina-Bentsi-Enchill-Duker-.jpg)
Government urged not to interfere in DBG’s operations [ARTICLE]
A new report by policy think tank International Perspective for Policy and Governance (IPPG) has urged the Akufo-Addo led government not to interfere in the credit decisions and operations of the newly established Development Bank of Ghana (DBG). According to IPPG, the NPP government must create and preserve DBG’s dignity as an apolitical institution to…
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Kwamina Bentsi Enchill Duker appointed as 1st CEO of Development Bank Ghana
Former Managing Director of Fidelity Bank, Asia, Kwamina Bentsi Enchill Duker has been appointed as the first Chief Executive Officer of the Development Bank Ghana (DBG). Kwamina Bentsi Enchill Duker brings to DBG, over 30 years of experience in finance and investment across different geographies including the UK, Asia and Ghana. A statement issued by…
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Peter Quartey hails Government’s approach to setting up Development Bank Ghana
Director of the Institute Of Statistical, Social And Economic Research, ISSER, Prof. Peter Quartey believes the government is on the right track with its approach in setting up the new Development Bank Ghana. The Development Bank according to the Director of the Financial Sector Division of the Ministry of Finance, Samson Akligoh is being set…
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We’re hoping for survival of Ghana’s new Development Bank – AGI
President of the Association of Ghana Industries (AGI), Dr Yaw Adu Gyamfi has expressed confidence in the sustainability of Ghana’s development bank. According to him, the development bank will serve as a panacea for addressing long term financing challenges experienced by local industries. The Government of Ghana in partnership with the European Investment Bank, and…