• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, July 9, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

DBG to Enhance Food Security in the Country through GHC500 million Investment in Key Commodities

March 29, 2023
Stephen M.Cby Stephen M.C
in Banking
0
DBG to Enhance Food Security in the Country through GHC500 million Investment in Key Commodities

Michael Mensah Baah, Deputy CEO of Development Bank Ghana (DBG), has disclosed that the Development Bank of Ghana will invest half a billion cedis in four key commodities by the end of 2023.

According to the Deputy CEO of Development Bank Ghana, DBG has given out loans of up to GHC300 million, providing technical assistance to over 1,000 local businesses in the process. In the previous year, DBG invested up to GHC300 million in agribusiness, manufacturing and tourism.

However, the company is looking to invest even more in the coming years to improve food security in Ghana by investing half a billion cedis (GHC500 million) in four key commodities: soya bean, maize, rice and poultry. This brings the total investment since its launch to about GHC800 million.

RelatedPosts

Bank Al-Maghrib Joins Afreximbank’s PAPSS to Drive Intra-African Trade

CalBank Marks 35 Years of Values-Driven Growth With ‘Red Week’

UBA Ghana Board Chair Wins Top Honour for Financial Stewardship at UBA Ghana

“Last year, we actually invested in Agri business, manufacturing and tourism up to GHC300million. We intend to invest half a billion cedis into four key commodities – that’s the soya bean, maize, rice and poultry. This will enhance food security in Ghana.”

Michael Mensah Baah

Mr Baah noted that the bank’s business model allows it to leverage existing infrastructure and networks of banks and financial institutions which partner with it to provide business advisory services and training in addition to financing.

DBG to Enhance Food Security in the Country through GHC500 million Investment in Key Commodities
Michael Mensah Baah, Deputy CEO of Development Bank Ghana (DBG)

Small business owners in Ghana often lack access to the capital they need to grow and are often considered too risky by banks. DBG’s wholesale banking model seeks to alleviate this bottleneck and provide long-term, competitively priced loans that can drive sustainable growth and transform the Ghanaian economy.

Addressing Lack of the Long-Term Financing

Baah further highlighted the critical need to address lack of the long-term financing that drives sustainable growth; noting this is crucial to creating the right enabling environment and unleashing the youths’ potential.

“DBG has been designed to help relieve the bottlenecks that have hindered the availability of long-term, competitively priced loans to small and medium-sized enterprises in Ghana. DBG has adopted a wholesale banking model, providing funding to eligible financial institutions to on-lend to Ghanaian businesses in targetted industry sectors. The company has identified agribusiness, manufacturing, ICT and high-value services as the catalytic sectors of the economy to focus on.

“A key enabler for scaling up DBG’s impact is the use of digitalisation. To this end, DBG will be using its recently launched digital platform, the Ghana Integrated Financial Ecosystem (GIFE), to deliver financial literacy capacity building to students. This platform is being developed through a collaboration between the Monetary Authority of Singapore, Bank of Ghana and DBG. The platform, when completed, will enable the end-to-end capability required by local businesses.”

Michael Mensah Baah

Baah also iterated DBG’s commitment to making developmental interventions that are grounded in research, noting that the company seeks to collaborate with the University of Ghana on research areas which provide evidence-based challenges to policymakers and other key stakeholders.

DBG is also working with the university to introduce scholarships for less fortunate young men and women who wish to take up the MSc in Development Financing programme but cannot afford to. These people are the future of development financing in Ghana.

READ ALSO:  Samba Foods Plc Appoints New Board of Directors to Champion New Direction of the Company on GSE

Please login to join discussion
Previous Post

Moses O.K Decries ‘Career-Destroying’ Paltry Payment For Gospel Artistes

Next Post

Launch Of E-Cedi Delayed Due To Impact Of Economic Disturbances- Dr. Addison Discloses

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Debby Reveals Professionalism Fuels Female Musicians
Entertainment

Debby Reveals Professionalism Fuels Female Musicians

July 9, 2025
Mass Jail Sentences Deepen Tunisia’s Political Crisis
Africa

Mass Jail Sentences Deepen Tunisia’s Political Crisis

July 9, 2025
Mustapha Gbande, Party, President.
General News

Every NDC Member Is Better Off Today – Gbande

July 9, 2025
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
Asia

Mass Casualty Incidents Besmirch Gaza’s Aid Struggle

July 9, 2025
GoldBod CEO Champions Value Addition in Mining
Extractives/Energy

Ghana Poised to Reap Big from Soaring Gold Prices

July 9, 2025
Hon. Haruna Iddrisu, Ghana's Minister for Education
General News

Ghana Moves to Overhaul Scholarship Regime with New Bill

July 9, 2025
Debby Reveals Professionalism Fuels Female Musicians
Entertainment

Debby Reveals Professionalism Fuels Female Musicians

by Esther Korantemaa OffeiJuly 9, 2025
Mass Jail Sentences Deepen Tunisia’s Political Crisis
Africa

Mass Jail Sentences Deepen Tunisia’s Political Crisis

by Lawrence AnkutseJuly 9, 2025
Mustapha Gbande, Party, President.
General News

Every NDC Member Is Better Off Today – Gbande

by Silas Kafui AssemJuly 9, 2025
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
Asia

Mass Casualty Incidents Besmirch Gaza’s Aid Struggle

by Comfort AmpomaaJuly 9, 2025
GoldBod CEO Champions Value Addition in Mining
Extractives/Energy

Ghana Poised to Reap Big from Soaring Gold Prices

by Prince AgyapongJuly 9, 2025
Hon. Haruna Iddrisu, Ghana's Minister for Education
General News

Ghana Moves to Overhaul Scholarship Regime with New Bill

by Evans Junior OwuJuly 9, 2025
Debby Reveals Professionalism Fuels Female Musicians
Mass Jail Sentences Deepen Tunisia’s Political Crisis
Mustapha Gbande, Party, President.
Deadly Rush Confirms Fears About Gaza Humanitarian Foundation
GoldBod CEO Champions Value Addition in Mining
Hon. Haruna Iddrisu, Ghana's Minister for Education
[/vc_row_inner]

Recent News

  • Debby Reveals Professionalism Fuels Female Musicians
  • Mass Jail Sentences Deepen Tunisia’s Political Crisis
  • Every NDC Member Is Better Off Today – Gbande
  • Mass Casualty Incidents Besmirch Gaza’s Aid Struggle
  • Ghana Poised to Reap Big from Soaring Gold Prices
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.