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<\/div>\nBank of Ghana grants DBG operational license<\/b><\/p>\n
DBG to provide access to medium and long-term loans at affordable interest rates<\/p>\n
DBG commences operations with initial total funding of over US$750 million<\/p>\n
Government has announced the appointment of finance and investment expert, Kwamina Bentsi Enchill Duker, as the first Chief Executive Officer of the Development Bank Ghana (DBG), Asaase News has reported. <\/p>\n
The development according to the portal comes after government through an open and competitive selection process coordinated by PwC (Ghana) has appointed a seven-member board of directors to oversee the affairs of the DBG.<\/p>\n
Kwamina Duker however comes to the position with vast knowledge in finance and investment spanning over 30 years. <\/p>\n
He is said to have expertise in Treasury and Foreign Exchange (FX) markets from Deutsche Bank (UK and Singapore), Nomura Bank (UK) and Midland Bank (UK). <\/p>\n
Prior to his latest appointment as CEO of DBG, Kwamina Duker served as Managing Director of Fidelity Bank Asia which is a subsidiary of Fidelity Bank Ghana. <\/p>\n
He was also a board member of the Consolidated Bank Ghana. <\/p>\n
Kwamina Duker has also worked in various capacities both locally and internationally as he served as Head of Global Markets FX and Deutsche Bank (UK), a firm that had assets under management in Europe of over \u20ac122 billion.<\/p>\n
Meanwhile, Finance Minister, Ken Ofori-Atta earlier revealed government has formally received its operational licence for the establishment of the Development Bank Ghana. <\/p>\n
According to him, the DBG is expected to provide a powerful response to a long-standing desire of our businesses to have easier access to medium and long-term loans at affordable interest rates. <\/p>\n
Delivering the 2022 budget statement before Parliament in November last year, Ken Ofori-Atta said, “Mr. Speaker, I have great news. On Friday, November 12 2021, The Governor of the Bank of Ghana formally handed over the license for the Development Bank Ghana.<\/p>\n
TWI NEWS<\/span><\/p>\n \u201cNot only will DBG, as a wholesale bank provide loans to financial institutions, it will also provide partial credit guarantees to complement the efforts of GIRSAL in agriculture and agribusiness.\u201d Ken Ofori-Atta revealed.<\/p>\n The DBG, when fully operational, will facilitate business growth and job creation.<\/p>\n The Bank, according to government will also accelerate economic transformation by supporting the financial sector through Participating Financial Institutions (PFI\u2019s) in both the banking and capital market sectors.<\/p>\n","protected":false},"excerpt":{"rendered":" Bank of Ghana grants DBG operational license DBG to provide access to medium and long-term loans at affordable interest rates DBG commences operations with initial total funding of over US$750 million Government has announced the appointment of finance and investment expert, Kwamina Bentsi Enchill Duker, as the first Chief Executive Officer of the Development Bank […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[1137,557,650,662,3665,85,463,3797],"class_list":["post-774255","post","type-post","status-publish","format-standard","category-business","tag-appointed","tag-bank","tag-ceo","tag-development","tag-duker","tag-ghana","tag-play","tag-videokwamina"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/774255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=774255"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/774255\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=774255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=774255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=774255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}