IDA supports establishment of the Development Bank of Ghana

Region:

Middle East & Africa

The World Bank has approved $250 million from the International Development Association to support the establishment of the Development Bank of Ghana.

The Ghana Development Finance project is expected to increase the number of viable MSMEs with access to long-term financing. It will provide financial services to about 10,000 enterprises, including 2,000 women led MSME. The project will also strengthen the oversight of development finance institutions and the adoption of Environmental and Social standards by financial institutions.

In addition, the Development Bank of Ghana will finance multiple interventions to attract private sector financing for credit constrained MSMEs and small companies based in Ghana.

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