Ghana: DBG initiates Green Climate Investment Programme

By InstinctBusiness Apr 25, 20230

The Development Bank Ghana (DBG) has initiated the Green Climate Investment Programme to provide funding options for environmentally friendly and climate-resilient projects, supporting the country’s efforts to battle climate change.

Through a dedication to ethical and sustainable lending practices, Development Bank Ghana (DBG) claims it is aiming to establish itself as the premier institution for luring development finance funding into the nation.

Chief Executive Officer of the DBG, Mr Kwamina Duker says the bank will continue working to bring commercial banks to invest in the local economy.

“DBG will continue to build on these successes to foster economic growth, job creation, and inclusive development in the upcoming quarters.”

For him, the partnership with more commercial banks, would expand investments and opportunities for the agriculture and manufacturing sector.

“We are expanding our PFI network. We have completed due diligence and are on course to bring onboard Ecobank and Absa as new PFIs this month. DBG will continue to identify and onboard new PFIs to enhance our reach and ability to support SMEs across the country as we seek to have at least 10 PFIs by the end of the year,”

“We possess the capacity to provide additional loans to back sustainable projects as they are presented to us, demonstrating our unwavering dedication to growing with our partners.”

“The bank will focus on sectors with high growth potential and significant social and environmental impact, such as agribusiness, manufacturing, and low-carbon and climate-resilient investments.”