DBG launches women's lending programme to boost female-led businesses
Development Bank Ghana (DBG) has launched a dedicated women's lending programme aimed at expanding access to finance for women-led businesses. The initiative was unveiled during a customer appreciation and business dialogue held as part of activities marking DBG's fifth anniversary. Professor Randolph Nsor-Ambala, Chief Executive Officer of DBG, stated that "Women face peculiar challenges in accessing financial assistance. They do not want to chase loans due to collateralisation requirements, formalisation challenges and even limited technical assistance. All those binding constraints must be dealt with. From an economic empowerment perspective, a country benefits more if the vulnerable are supported: the youth and women."
The programme will be implemented through the bank's partner financial institutions. Professor Nsor-Ambala noted that improving access to finance for women and young entrepreneurs should be viewed as an economic growth strategy rather than a social intervention. He explained that removing structural barriers would enable more women-owned businesses to expand, improve productivity, and contribute more significantly to national economic growth. DBG's mandate focuses on strengthening Ghana's private sector by supporting start-ups and small and medium-sized enterprises (SMEs). DBG has been able to create and sustain 41,000 jobs.
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Development Bank Ghana (DBG) has launched a women's lending programme to boost female-led businesses, aiming to expand access to finance for this
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