The Development Bank
Ghana (DBG) has signed a Memorandum of Understanding (MOU) with the Bank of
Ghana, Proxtera, and the Monetary Authority of Singapore (MAS) to launch the
Ghana Integrated Financial Ecosystem (GIFE) at a brief ceremony held on the sidelines of
the 3i Africa Summit.
This groundbreaking
partnership aims to empower local businesses, particularly Small and
Medium-sized Enterprises (SMEs), and drive sustainable economic growth in
Ghana.
Speaking at the ceremony,
K Duker, Chief Executive Officer of DBG, noted the significance of this
partnership, stating, "We believe
that this partnership with the Monetary Authority of Singapore and the GIFE
program marks a pivotal moment in DBG's mission to provide sustainable finance
solutions to Ghanaian businesses and facilitate multi-generational, sustainable
economic growth."
The GIFE program is
designed to strengthen DBG's ability to catalyze SME growth by ensuring that
they receive the financial solutions they need to achieve their full potential.
SMEs are a crucial pillar of Ghana's economic resilience, prosperity, and
international competition. By supporting their growth, this partnership aims to
yield excellent results for the people and country of Ghana.
Through this
collaboration, DBG, Bank of Ghana, Proxtera, and MAS will work together to
create a robust financial ecosystem that supports the development of local
businesses, promotes financial inclusion, and drives economic growth.
By: Nana Appiah Acquaye
