President Akufo-Addo says he is counting on the Development Bank of Ghana (DBG) to make long-term credit available to the private sector.
The Bank which was formally launched on June 14, 2022, is geared toward spearheading the vision of a Ghana Beyond Aid.
It also seeks to position the private sector to take the lead in our country’s socio-economic transformation and create quality jobs for the youth.
Seen as the engine of growth, the non-availability of adequate financing for the private sector continues to hamper its potential.
But speaking at a roundtable meeting with chief executives of private enterprises on Monday, the President said government is working to address challenges facing the private sector.
"The concept of the bank, which is now here, I believe will truly serve as a catalytic for the growth of the private sector," he said.
Some ministers of state including, Trade and Industry’s Alan Kyeremanten, are attending the meeting.
Conspicuously missing at the event was the Finance Minister, Ken Ofori-Atta.
However, Chief Executive of the Ghana Investment Promotion Centre (GIPC), Yoofi Grant explained that the Minister was in a meeting with the Central Bank Governor deliberating over the recent move to engage the International Monetary Fund (IMF) for economic assistance.
"He is in a conference with the Central Bank Governor who originally was also supposed to be here but the events of the week have taken them away," he said.
Latest Stories
-
GPL: Our fans spur us on – GoldStars head coach Frimpong Manso on unbeaten run
33 mins -
Plantain chips are breaking hearts in Africa
37 mins -
61 new architects acquire state license to practice in Ghana
1 hour -
Masloc CEO honoured as capacity building Shero of the Year
1 hour -
MPs’ Repeated Attempts to Sue the Speaker: Unintended Consequences for the 2024 Elections?
1 hour -
Today’s front pages: Tuesday, November 5, 2024
1 hour -
Galamsey: Investigation into attack on Joy News’ Erastus Asare and colleagues already growing cold
2 hours -
Mahama promises construction of stadia in all 16 regions if elected
2 hours -
Dampare has transformed Police training school – Bawumia
2 hours -
America braced as two stark visions collide on election day
2 hours -
NAPO urges Ghanaians to support NPP’s vision for national development
2 hours -
About 95% of PWDs in Obuasi have source of livelihood – MCE
3 hours -
Immigration Service intercepts 54 gallons of fuel
3 hours -
Election 2024: Roman Fada selected as flagbearer for Ghana Freedom Party
3 hours -
Bawumia to launch Ghana’s credit scoring system on Nov. 7
3 hours