Women-owned businesses take over 60% of DBG’s GH¢2.5bn lending
The Development Bank Ghana (DBG) has disbursed more than GH¢2.5 billion since its inception, with over 60% of the funding going to women-led and women-owned businesses.
Since its establishment, Development Bank Ghana (DBG) has lent over GH¢2.5 billion, with more than 60% of the funds directed towards women-owned and women-led businesses. Prof Randolph Nsor-Ambala, DBG's CEO, shared these details on Joy News' PM Express Business Edition. Over 50% of the bank's total disbursements have been allocated to agribusiness, agriculture, and manufacturing.
About 40% of these funds are targeted at energy transition initiatives. The bank's financing strategy aims at critical sectors for Ghana's economic transformation, such as agriculture, manufacturing, ICT, and high-value services. High-value services encompass education, health, transportation, and tourism. DBG's investments in agriculture focus on job creation, food security, and reducing import-related economic pressures.
The bank prioritizes value chains like maize, rice, cassava, sorghum, and poultry. Through its financing programs, DBG has reached nearly 1,000 businesses, with half located outside the Greater Accra Region.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Women-owned businesses take over 60% of DBG’s GH¢2.5bn lending myjoyonline.com
