The Chief Executive Officer of the Development Bank Ghana (DBG), Dr. Randolph Nsor-Ambala, has announced a major financial commitment of GHS 500 million to support the agricultural ecosystem in Ghana.
He made this announcement during his address at the Kwahu Business Forum, a key platform for engaging entrepreneurs, investors, and stakeholders on economic growth and development.
According to Dr. Ambala, the dedicated fund will be disbursed through the bank’s partner financial institutions to strengthen value chains, enhance productivity, and provide critical support to agribusinesses across the country.
“Agriculture remains a cornerstone of our economy, and DBG is committed to ensuring that farmers and agribusinesses have access to the capital they need to scale,” Dr. Ambala stated.
“Through this initiative, we are not just injecting funds, but building resilience and sustainability within the sector.”
Beyond agriculture, DBG is actively involved in supporting other high-impact sectors of the Ghanaian economy.
These include manufacturing, information and communications technology (ICT), and an expanded range of services in education, health, transport, and tourism.
The bank aims to stimulate inclusive economic growth by empowering businesses in these strategic areas.
Dr. Ambala also stressed that the Development Bank Ghana does more than just offer traditional loans.
“We have an extremely strong capital support system, particularly for our customers in the ICT space,” he said.
“Technology and innovation are drivers of modern economies, and DBG is ensuring that Ghana does not fall behind.”
In addition to credit facilities, DBG provides equity support for businesses looking to grow without taking on debt.
The bank has also rolled out a Partial Guarantee Program, which helps de-risk lending for financial institutions, enabling more businesses to access funds with greater ease.
“Our goal is to close the funding gap that has long hindered the growth of SMEs and large enterprises alike,” Dr. Ambala explained.
“With tools like equity support and partial guarantees, we’re creating a more robust and accessible financial landscape.”
The Kwahu Business Forum brought together a wide range of stakeholders from both the public and private sectors, offering a platform to share ideas, showcase innovations, and explore opportunities for partnership and growth.
Development Bank Ghana’s initiatives come at a critical time, as the country continues to recover from global economic disruptions and seeks to position itself as a regional hub for innovation and investment.
With its strategic focus and financial muscle, DBG is set to play a pivotal role in Ghana’s economic transformation.
