Transformational Development Banks News Today

  The Minister of Finance, Mr Ken Ofori-Atta has been explaining why the government was establishing the Development Bank of Ghana. The Ministry of Finance has signed an agreement with the European Investment Bank (EIB) for €170 million for the establishment of Development Bank Ghana (DBG). The signing became possible after a meeting between President Nana Addo Dankwa Akufo-Addo and the President of the EIB, Dr Werner Hoyer, during the former’s official visit to Belgium. According to Dr Ho...

Speaking at the signing ceremony, President Akufo-Addo noted that "the Development Bank Ghana is going to play a very important part in the rapid economic transformation of Ghana, following the onset of COVID-19." According to him, "We want to restructure the economy and move it from being a mere producer and exporter of raw materials to one that places much greater emphasis on value addition activities. We see this Bank (DBG) as one that will play a pivotal role in this." ...