DBG to develop tailored financing tools to drive Ghana’s oil palm industry
The Chief Executive Officer (CEO) of the Development Bank Ghana (DBG), Professor Randolph Nsor-Ambala, says the bank will develop “fit-for-purpose” financial instruments for various actors in the oil palm value chain.
The Development Bank Ghana (DBG) is set to create customized financial products to boost Ghana's oil palm industry, according to its CEO, Professor Randolph Nsor-Ambala. These instruments aim to cater to the diverse needs of various stakeholders within the oil palm value chain, including farmers, processors, and traders. Currently, the bank is collaborating with 21 financial institutions to unlock capital for participants in the oil palm sector.
Prof. Nsor-Ambala emphasized that the existing financial ecosystem lacks the necessary instruments to adequately assess and manage risks associated with oil palm projects. He stated that the bank is designing multiple financial solutions to address these challenges, as the current one-size-fits-all approach is inadequate. The bank estimates that the required investment to achieve the desired impact in the oil palm sector exceeds $1 billion, while the $500 million allocated in the 2026 budget is insufficient.
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