Development Bank Ghana (DBG) has reached a significant milestone, having disbursed GHS 1.5 billion to stimulate private sector growth since beginning operations in 2021.
Established as a wholesale and long-term financing institution, DBG’s funding has empowered over 500 local businesses across Ghana, particularly SMEs and women-led enterprises, in line with its mandate to drive economic development through enhanced access to credit.
Of the total disbursements, GH¢511 million has been directed to over 350 women-owned or women-led businesses. The initiative underscores DBG’s commitment to fostering gender-inclusive growth by providing tailored financing for women entrepreneurs, thereby supporting gender equity in Ghana’s business landscape.
In a statement made by DBG’s Deputy Chief Executive Officer, Michael Mensah Baah, at the launch of Advans Ghana’s “AdvansHer” programme, he revealed that an additional GH¢500 million is planned for disbursement to women-led businesses over the next two years. This move reinforces DBG’s focus on supporting women entrepreneurs as key contributors to the economy.
DBG’s disbursements are primarily aimed at SMEs, which form the backbone of Ghana’s economy but often face challenges in accessing long-term financing. By channeling funds to SMEs, DBG facilitates business expansion, job creation, and local economic development, ensuring a sustainable foundation for national growth.
In the past few months, DBG says it has invested GH¢250 million in maize, rice, poultry, and soybeans to bolster food security. International development partners, such as the World Bank, European Investment Bank, and African Development Bank, have recognized DBG’s impact, the Deputy CEO stated.
