The Chief Executive of the Development Bank Ghana (DBG) has reiterated the commitment to bring on board more commercial banks to invest in the local economy.

According to Kwamina Duker, the move will provide more investments and opportunities for Ghana’s agriculture sector, thereby, boosting the country’s economy.

He said this at an event that marked a new partnership between the Development Bank Ghana (DBG) and the Ghana Association of Bankers (GAB).

“We are expanding our PFI network. We have completed due diligence and are on course to bring onboard Ecobank and Absa as new PFIs this month. DBG will continue to identify and onboard new PFIs to enhance our reach and ability to support SMEs across the country as we seek to have at least 10 PFIs by the end of the year,” he said on Thursday.

https://www.myjoyonline.com/dbg-to-invest-700m-into-ghanas-agriculture-sector/

Following its establishment, DBG has been interested in identifying the challenges that are impeding production in the four value chain – poultry, rice, maize and soybean – and finding ways to address them.

Speaking on achievement chalked so far, the CEO said an amount of GH₵600 million has been disbursed to small-medium enterprises this year alone.

“We possess the capacity to provide additional loans to back sustainable projects as they are presented to us, demonstrating our unwavering dedication to growing with our partners."

“The bank will focus on sectors with high growth potential and significant social and environmental impact, such as agribusiness, manufacturing, and low-carbon and climate-resilient investments.”

On his part, the CEO of the Ghana Bankers Association, John Awuah pledged his outfit’s support to the activities of DBG.