Rédaction Africa Links 24 with Ghanaian Times
Published on 2024-04-10 09:20:04
Development Bank Ghana (DBG) recently welcomed a delegation from Germany’s Bundestag (Federal Parliament) for discussions on DBG’s initiatives and partnerships. The meeting focused on initiatives such as the Green Finance & Investment Facility and the DBG Guarantee product, which aim to promote economic resilience and sustainability in Ghana. These initiatives are part of DBG’s commitment to green financing and its partnership with the German Federal Ministry for Economic Cooperation and Development (BMZ) and KfW Development Bank.
The Green Credit Line, financed by BMZ and implemented by KfW, is set to begin implementation in Ghana in the second quarter of 2024. This initiative will complement DBG’s efforts in green financing and contribute to sustainable development in the country. The German delegation, led by Mr. Volkmar Klein and Mr. Lutz Lienenkämper from the State of North Rhine-Westphalia, along with officials from the German Embassy in Ghana and KfW Development Bank, discussed the upcoming 3i Africa Summit scheduled for May 2024 in Accra.
The 3i Africa Summit aims to explore technology opportunities in Africa’s financial sector and drive meaningful discourse on inclusion and sustainability. The event will focus on market dynamics, the adoption of new technologies, and the intersection of policy, finance, and technology to promote economic growth on the continent. During the meeting, DBG’s team, led by Deputy CEO Michael Mensah-Baah and officials like Dr. Prince Adjei, shared insights into DBG’s operational strategies and vision for transformative impact in collaboration with partners.
Reflecting on the discussions, Mr. Mensah-Baah emphasized the German Government’s support through KfW in empowering local businesses and fostering economic growth in Ghana. He highlighted DBG’s agenda for 2024 and its focus on lending activities and technical assistance to local businesses in partnership with other financial institutions. Mr. Volkmar Klein commended DBG for its work and progress in driving economic development in the region.
Overall, the meeting between DBG and the German delegation highlighted the strong partnership between the two countries in promoting sustainable development and economic growth in Ghana. Through initiatives like the Green Credit Line and the upcoming 3i Africa Summit, DBG is poised to make a significant impact on the country’s financial ecosystem. The collaboration between DBG and its German partners bodes well for future projects and transformations in the region.
In conclusion, the discussions between DBG and the German delegation underscored the importance of international partnerships in driving economic development and sustainability in Ghana. Both parties are committed to working together to achieve meaningful impact and foster growth in the country. With the upcoming initiatives and collaborations, DBG and its partners are well-positioned to deliver transformative changes and drive economic resilience in Ghana.
Read the original article on Ghanaian Times
