The Minister of Finance, Mr Ken Ofori-Atta has been explaining why the government was establishing the Development Bank of Ghana.
The Ministry of Finance has signed an agreement with the European Investment Bank (EIB) for €170 million for the establishment of Development Bank Ghana (DBG).
The signing became possible after a meeting between President Nana Addo Dankwa Akufo-Addo and the President of the EIB, Dr Werner Hoyer, during the former’s official visit to Belgium.
According to Dr Hoyer, the facility was the highest provided by the bank for the establishment of a development bank or any other project in Africa.