5 hours Ago By News Ghana
News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/development-bank-ghana-pledges-gh%c2%a2500-million-to-boost-agriculture-sector/The Development Bank Ghana (DBG) has announced a GH¢500 million funding initiative aimed at strengthening the country’s agricultural value chain and supporting small and medium-sized enterprises (SMEs).
The investment is expected to enhance food security, increase productivity, and generate employment opportunities as part of Ghana’s broader economic recovery efforts.DBG CEO Dr. Randolph Nsor-Ambala revealed the plans during the Kwahu Business Forum, themed “The Future of Business: The Role of the Financial Sector.
” The event, attended by former President John Mahama, business leaders, and financial institutions, focused on strategies to build a more resilient and inclusive economy through SME development.Dr. Nsor-Ambala emphasized that DBG’s approach goes beyond providing loans, incorporating technical assistance to financial institutions to better assess agricultural sector risks.
“Many banks see agriculture as high-risk, but through our programmes, we’re helping them understand and properly evaluate agribusiness opportunities,” he said. The bank is also working with development partners to introduce agricultural insurance and partial guarantee schemes to mitigate lending risks.Since its inception three years ago, DBG has disbursed GH¢1.
62 billion in long-term loans (up to 15 years) to over 650 businesses, creating more than 18,000 jobs across 13 regions. The bank aims to expand its reach to all 16 regions this year.The new GH¢500 million allocation will target the entire agricultural ecosystem—from farmers and input suppliers to processors and distributors—aligning with government efforts to boost local production and reduce import dependency.
DBG also supports manufacturing, ICT, health, education, and infrastructure sectors as part of its mission to drive sustainable economic transformation.With funding from international partners including the World Bank and African Development Bank, DBG continues to address Ghana’s SME financing gap, offering competitively priced capital to foster innovation and long-term growth in key sectors. News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.
com.gh/development-bank-ghana-pledges-gh%c2%a2500-million-to-boost-agriculture-sector/.
