{
  "id": 7236963,
  "title": "Deloitte Partner calls for a specialised bank for industrial development",
  "url": "https://urgent.news/2026/09/14/deloitte-partner-calls-for-a-specialised-bank-for-industrial",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-14T03:26:09.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/deloitte-partner-calls-for-a-specialised-bank-for-industrial-development/"
  },
  "original_language": "en",
  "account": "Yaw Appiah Lartey, the Deloitte Africa Leader for Infrastructure & Capital Projects, has called for the creation of a specialized financial institution in Ghana focused on industrial development. He believes such an institution could provide affordable, long-term financing to companies operating in various capital-intensive sectors, including oil and gas, manufacturing and other industries. Mr. Lartey pointed to Nigeria’s Bank of Industry (BOI) as a potential model, highlighting that it offers low interest rates for businesses involved in industrial development, such as oil and gas. He emphasized that Ghana could benefit from establishing a similar institution, as similar efforts in other African countries have proven successful. While acknowledging the importance of initiatives like the women's bank, Lartey stressed the need to channel similar efforts towards Ghana’s broader industrial financing requirements to support businesses across multiple sectors. He suggested that the Nigerian BOI model could complement existing financial institutions in Ghana, such as the Agricultural Development Bank and the National Investment Bank, providing more targeted financing for industrial expansion, SME development, and businesses poised to drive economic growth. However, Lartey cautioned that simply providing access to finance would not suffice for transforming Ghanaian businesses into globally competitive entities, particularly within the oil and gas industry. He stressed the necessity of complementing financial support with capacity building initiatives, including technical training, skills development, and other forms of assistance. This comprehensive approach, according to Lartey, would empower local businesses to compete effectively and capitalize on opportunities in the industrial and energy sectors.",
  "summary": "Deloitte Africa Leader for Infrastructure & Capital Projects (I&CP), Yaw Appiah Lartey, has proposed the establishment of a specialised financial institution dedicated to supporting industrial development and the growth of local businesses in Ghana. According to him, such an institution could provide affordable, long-term financing to businesses operating across strategic capital-intensive…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Deloitte Partner calls for a specialised bank for industrial development",
        "url": "https://urgent.news/2026/09/14/deloitte-partner-calls-for-a-specialised-bank-for-industrial-7237555",
        "published": "2026-09-14T03:26:09.000Z"
      }
    ]
  },
  "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."
}