Ghana Towards the creation of an SME Bank
Ghana’s National Development Bank will begin operations in 2020, Finance Minister Ken Ofori-Atta said. “A study for the creation of this bank, which specifies its raison d’être, its mandate, its economic model, its legal and regulatory framework, its governance and sustainability, has already been completed,” he explained. when presenting the draft Budget 2020 to parliamentarians.
With an initial amount of 2 billion cedis Ghanaian advanced, or $ 363 million, the government is working on this issue with the World Bank and other development partners in order to capitalize and make operational this institution that will target the first rank of SMEs .