DBG’s GHȼ500m to bolster Agric and Economic Sector – CEO

The CEO of Development Bank Ghana (DBG), Dr. Randolph Nsor-Ambala, announced a new initiative. DBG will roll out GHȼ500 million this year to support agriculture in Ghana.

The goal is to strengthen Small and Medium-sized Enterprises (SMEs) in the agricultural value chain. This effort aims to improve food security, boost productivity, and create jobs.

Dr. Nsor-Ambala shared this news at the Kwahu Business Forum in Mpraeso, Kwahu. The forum focused on “The Future of Business: The Role of the Financial Sector.” It aligns with the government’s vision for a resilient economy through SME empowerment.

President Mahama attended as the main guest. The event gathered business owners, investors, financial institutions, and industry leaders to discuss policies and strategies for improving Ghana's business environment.

DBG emphasizes sustainable transformation over isolated interventions. They ensure capital flows where it can significantly impact economic development.

In recent years, DBG has provided GHȼ1.62 billion in loans to over 650 businesses. These loans have repayment terms of up to 15 years and are expected to create over 18,000 direct jobs nationwide. DBG currently operates in 13 regions and plans to expand to all 16 regions this year.

Dr. Nsor-Ambala stated that DBG aims to provide comprehensive support for businesses. While many know them for affordable long-term loans, they offer much more than that. They are working with partner financial institutions to better understand agriculture as an investment sector.

He noted that many financial institutions view agricultural businesses as risky investments. Through technical assistance programs, DBG helps both businesses and financial institutions build capacity in evaluating agriculture-related ventures.

DBG is rolling out GHȼ500 million specifically for SMEs in agriculture. This funding will unlock growth potential across all levels—from suppliers and farmers to processors and distributors.

This initiative supports the government's broader economic recovery agenda by expanding access to affordable financing for local businesses. It also offers targeted support through tailored financial solutions and technical assistance.

Dr. Nsor-Ambala emphasized that DBG focuses on creating inclusive opportunities—jobs for youth and sustainable businesses—positioning Ghana competitively in African markets.

Key focus areas include ensuring food security by strengthening the entire agriculture value chain, from farming to agribusinesses. DBG also supports manufacturing sectors like import substitution and export initiatives.

Additionally, they have a dedicated approach for the ICT sector and invest in health education for human capital development. Infrastructure improvements are also a priority area for DBG.

DBG's commitment goes beyond innovation; it aims at empowering local businesses as key drivers of economic transformation in Ghana.

Established by the Government of Ghana three years ago, DBG is a wholesale financial institution facilitating significant disbursements through Participating Financial Institutions (PFIs). Their efforts empower various sectors including agribusiness, manufacturing, ICT, and high-value services.

DBG remains dedicated to closing the MSME financing gap so that Ghanaian businesses can access long-term capital at competitive rates—fostering resilience and sustainable growth. They have received funding from organizations like the World Bank and African Development Bank.