DBG advocates tailored financing for Ghana’s ICT sector

Development Bank Ghana (DBG) is urging for customized financing options and enhanced business development support to unlock Ghana's Information and Communication Technology (ICT) sector's potential. The state-backed institution emphasizes that a one-size-fits-all approach won't suffice, as the sector's barriers are multifaceted.

During a recent ICT roundtable discussion in Accra, DBG's CEO, Prof. Randolph Nsor-Ambala, highlighted financing structure as crucial alongside access to capital. He emphasized that the structure of financing must align with the unique needs of Ghana's ICT value chains, which comprise diverse sub-sectors with varying requirements.

Recognizing the complexity of the ICT sector's value chain, Prof. Nsor-Ambala argued for tailored interventions to address the specific challenges faced by different segments. He stressed that success hinges on abandoning the notion of a universal solution and agreeing on the definition of success with all stakeholders. Furthermore, Prof. Nsor-Ambala revealed DBG's efforts to leverage ICT for agribusiness, addressing information gaps that hinder farmers' ability to see their activities as viable businesses.

By providing farmers with quality, relevant information via ICT, the Bank aims to democratize knowledge and support the growth of the agribusiness sector. DBG's interventions are grounded in evidence and designed to tackle the key obstacles that impede private-sector competitiveness and economic growth in Ghana.