DBG launches AI-powered platform to support farmers
The Development Bank Ghana (DBG), in partnership with Opportunity International (OI) and the Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL), has launched an artificial intelligence (AI)-powered agricultural finance platform designed to provide farmers with timely technical advice and support financial institutions in making better lending decisions. The platform,…
The Development Bank of Ghana (DBG), in collaboration with Opportunity International (OI) and the Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL), has introduced an AI-driven agricultural finance platform named Boa Mi, meaning "help me" in the Akan language. Boa Mi is designed to offer farmers, extension officers, and financial institutions instant, data-driven agricultural advice through a WhatsApp-based interface.
The platform aims to bridge the information gap, a significant challenge for smallholder farmers who often lack the necessary knowledge to treat farming as a profitable business. Prof. Randolph Nsor-Ambala, DBG's CEO, emphasized that the initiative aligns with the bank's efforts to promote agribusiness and make agriculture more commercially viable.
The AI-powered system provides real-time information on agricultural portfolios, enabling financial institutions to make better lending decisions and reducing the risk associated with lending to farmers.
Written by urgent.news from Ghanaian Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
