CBG launches PWD loan initiative with 5% interest

Consolidated Bank Ghana (CBG) has introduced a specialized loan program targeting persons with disabilities, offering an interest rate of five percent. The initiative, a joint effort with the Korklu Foundation, aims to foster financial inclusion by empowering persons with disabilities to launch and expand sustainable businesses, rather than depending on charity.

At the CBG's Disability Conference in Accra, Deputy Managing Director Shella Azuntaba highlighted the initiative's goal of addressing the hurdles persons with disabilities encounter when seeking conventional lending options. She emphasized CBG's dedication to integrating persons with disabilities into its financial strategies and offering the necessary support for them to establish viable enterprises.

Azuntaba disclosed that the five percent interest rate is initially being implemented as a pilot program, urging beneficiaries to utilize this opportunity effectively to enable the bank to consider expanding the program to other areas.