Tag: Development Bank-Ghana
-
Development Bank Ghana set to diversify financial offerings by introducing equity fund alongside lending activities.
DBG’s Chief Executive Officer, K. Duker, unveiled the bank’s plans for this equity fund, aimed at expanding the range of financial products available to both institutions and borrowers at different stages of development. DBG, established in June 2022, has already disbursed GH¢731 million across various sectors, contributing to Ghana’s economic growth and development. Mr. Duker…
-
BoG, MAS, DBG partner to develop financial ecosystem for Asia-Africa SME trade
Ghana’s Micro, small and medium enterprises (MSMEs) sector is set to see a major boost as the Monetary Authority of Singapore (MAS), Bank of Ghana (BOG) and Development Bank Ghana (DBG) have signed a Memorandum of Understanding (MOU) to develop the Ghana Integrated Financial Ecosystem (GIFE). The Ecosystem aims to enhance financial capabilities and access…
-
DBG will mirror KfW’s successful banking model to benefit SMEs
KfW, the German development bank, has reaffirmed that its partnership with the recently launched Development Bank Ghana (DBG), which was signed in December 2021, seeks to provide much-needed support to the Small and Medium-sized Enterprise (SME) sector and thereby promote the sustainable development of the Ghanaian economy based on a model similar to its own.…
-
DBG would help address market failures in Ghanaian credit markets – BoG
The Bank of Ghana has stated that the official commencement of full-scale operations of the newly launched Development Bank Ghana, DBG, would help address market failures in the Ghanaian credit markets. Speaking at the launch of the bank on Tuesday, 14th June 2022, Governor of the Bank of Ghana, Dr. Ernest Addison, noted that experiences…
-
Social mandate of DBG should not override commercial interest – Dr. Vera Fiador
A senior lecturer at the Department of Finance of the University of Ghana, Dr. Vera Fiador says even though the Development Bank Ghana (BBG) is being established with a social mandate of providing patient capital for specific sectors of the economy, Investment drawings from the bank must also be financially sustainable. DBG is being established…
-
DBG will fail if politicians, others interfere in its operations – Prof. Aryeetey
Secretary-General of the African Research Universities Alliance and a former Vice-Chancellor of the University of Ghana, Prof. Ernest Aryeetey, has cautioned the government against the establishment of another development bank that lends itself to unnecessary influence from politicians and civil servants. Professor Arteetey, a Development Economist, said the failure of previously established Development banks can…
-
DBG must be able to retrieve loans it’ll give out to survive – Kwame Pianim
A renowned economist and investment analyst, Kwame Pianim, says the yet-to-established Development Bank Ghana must work to prevent collapse by putting in place measures to be able to recoup monies borrowed to customers. Sharing his opinion on the establishment of the bank, Mr. Pianim, opined that the bank must put in mechanisms that will allow…
-
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…
-
Deputy GSE boss endorses establishment of Development Bank Ghana
A leading investment banker and Deputy Managing Director of the Ghana Stock Exchange, Abena Amoah has endorsed the approach being used for the establishment of the Development Bank Ghana. Madam Amoah, speaking as part of a development finance series organised by Citi TV and Citi FM in collaboration with the research and consultancy Centre of…
-
Peasant Farmers concerned about Development Bank Ghana’s mode of operation
The Peasant Farmers Association of Ghana says it is disappointed that the yet to be established Development Bank Ghana will not deal directly with farmers. The bank is a major part of the GHS100 billion Ghana CARES ‘Obaatampa’ programme aimed at dealing with the devastating economic effects of the COVID-19 pandemic. Head of Programmes and…