{
  "id": 7237555,
  "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",
  "topic": "world",
  "section": "World",
  "published": "2026-09-14T03:26:09.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/deloitte-partner-calls-for-a-specialised-bank-for-industrial-development/"
  },
  "original_language": "en",
  "account": "Yaw Appiah Lartey, leader of Deloitte Africa's Infrastructure & Capital Projects, has suggested the creation of a specialized financial institution aimed at fostering industrial growth and supporting local businesses in Ghana. He believes such a bank could offer affordable, long-term loans to companies operating in key sectors like oil and gas, manufacturing, and others to spur economic development. Drawing parallels with Nigeria's Bank of Industry, which provides low-interest loans for industrial development, Mr. Lartey proposed that Ghana could emulate a similar model with interest rates ranging from 5% to 7%. While acknowledging the importance of initiatives like women's banks, he emphasized the need to direct similar efforts towards broader industrial financing needs. Lartey suggested that this specialized bank could work in tandem with existing institutions such as the Agricultural Development Bank and the National Investment Bank, thereby providing more focused financing for industrial expansion, SME development, and globally competitive businesses in the oil and gas sector. He stressed, however, that finance alone would not suffice for transforming Ghanaian businesses into industry leaders; technical training, skills development, and other forms of support were also crucial.",
  "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": "Joy Business",
        "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",
        "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."
}