The Development Bank of Ghana (DBG) provides long-term loans to Ghanaian SMEs


The Development Bank of Ghana (DBG) has been officially launched and is said to be the country’s latest attempt to shore up small and medium-sized businesses, which power 70% of Ghana’s $82 billion economy.

On the DGB website, the bank states that its mission is to:

  • Facilitate and strengthen the flow of long-term credit to Ghanaian companies to fuel long-term economic growth
  • Empower banks and entrepreneurs through financial innovation and other advisory services to strengthen the ecosystem in which businesses operate
  • Promoting excellence in the companies we support in relation to environmental, social and corporate governance


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DBG initially has $600 million in loans to commercial banks in Ghana – including these 4 banks that have already signed up as partners:

  • CalBank
  • Consolidated Bank of Ghana (CBG)
  • GCB ban
  • loyal bank

The above banks will provide loans ranging from US$25,000 to US$3 million for 3 to 15 years to small and medium-sized enterprises (SMEs) in Ghana.

Companies with 100 or fewer employees are fighting for loans in Ghana. A World Bank report estimates the gap between supply and demand at 13% of GDP in 2017.

DBG was designed to address critical bottlenecks that have hampered the availability of competitively priced long-term loans to small and medium-sized enterprises in industrial sectors that have the potential to transform the economy, namely agribusiness, manufacturing, ICT, and value-added services.

In an interview with Reuters, Kwamina Duker, CEO, DBG said:

“DBG recognizes the crucial role of SMEs in our country’s economy and is committed to promoting their growth. We cannot do this without standing as a united front alongside our partners.

Very little long-term financing is available at interest rates that would allow our SMEs (small and medium-sized enterprises) to grow. DBG aims to increase the share of loans to small businesses in Ghana from around 9% to 15% in two years.”

– CEO, Development Bank of Ghana (DBG)

DBG is owned by the Government of Ghana. The breakdown of the $600 million in contributions is as follows:

  • $250 million – Government of Ghana
  • $200 million – World Bank
  • $177.7 million – EIB
  • $46.5 million – KfW


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