The Development Bank Ghana (DBG) has so far disbursed about GH¢245 million to its partner financial institutions for on-lending to small and medium enterprises (SMEs).
The disbursement started when the bank was set up in July this year.
The Chief Executive Officer of the bank, Kwamina Duker, who disclosed this, said the DBG, in the next six to 12 months, would further disburse about GH¢1 billion of medium to long-term capital to support local industries.
He said this in an interview with the media on the sidelines of a capacity-building workshop for SMEs.
“To date we have lent about GH¢245 million and I think there were two reasons for that — to flush out the pipes and make sure that our initial systems are working.
“And in terms of what is in our pipeline, we will probably have three or four times that — about GH¢1 billion, which we hope to disburse in the next six to 12 months,” Mr Duker said.
Source:graphiconline.com
