{
  "id": 6100820,
  "title": "DBG steps up textile industry financing with new investor-ready projects",
  "url": "https://urgent.news/2026/09/07/dbg-steps-up-textile-industry-financing-with-new-investor-ready-6100820",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-07T04:52:00.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/dbg-steps-up-textile-industry-financing-with-new-investor-ready-projects/"
  },
  "original_language": "en",
  "account": "The Development Bank of Ghana (DBG) is intensifying its efforts to provide long-term financing for textile businesses. The bank has identified five textile projects and is presenting them to financial institutions for potential funding. DBG's Chief Executive Officer, Prof Randolph Nsor-Ambala, highlighted the textile industry as a priority area under manufacturing and emphasized that the bank provides more than just credit. Nsor-Ambala noted that DBG's mandate also covers agriculture, manufacturing, ICT, and high-value services. The bank has made significant investments in manufacturing, focusing on textiles, pharmaceuticals, and energy transition. Additionally, DBG is targeting youth-led and women-owned businesses and aims to expand financing beyond Greater Accra. The bank has adopted a whole-of-value-chain approach, signing a three-year memorandum of understanding with the Association of Ghana Industries for textiles, which includes financing businesses, supporting market development, and providing capacity building. Technical assistance has been provided to help businesses create investor-ready projects. The partnership has already led to the creation of a deal room to assess and develop projects for financing, with five projects currently road-showed to participating financial institutions. DBG expects at least two of these projects to secure credit approval and receive funding by the end of the year. The bank is also conducting a nationwide feasibility study on the textile sector, identifying challenges and potentially bankable projects that need specific interventions. This study, supported by KfW, will help make businesses investor-ready, with a timeline of up to the end of November to secure adequate funding through participating financial institutions. Development partners remain crucial to DBG's ability to provide long-term financing, as they bring significant cash, technical expertise, and resources to address market failures and binding constraints.",
  "summary": "The Development Bank Ghana (DBG) is stepping up efforts to unlock long-term financing for businesses in the textile sector.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Joy Business",
        "title": "DBG steps up textile industry financing with new investor-ready projects",
        "url": "https://urgent.news/2026/09/07/dbg-steps-up-textile-industry-financing-with-new-investor-ready",
        "published": "2026-09-07T04:52:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}