The Development Bank Ghana has identified five textile projects being presented to financial institutions for possible financing, as part of its broader effort to unlock long-term credit for the sector. The bank prioritizes textiles within manufacturing alongside pharmaceuticals and energy transition, and has committed to expanding financing beyond Greater Accra through a three-year agreement with the Association of Ghana Industries.
The Development Bank Ghana has identified five textile projects being presented to financial institutions for possible financing, as part of its broader effort to unlock long-term credit for the sector. The bank prioritizes textiles within manufacturing alongside pharmaceuticals and energy transition, and has committed to expanding financing beyond Greater Accra through a three-year agreement with the Association of Ghana Industries.
The Development Bank Ghana is preparing to support at least two textile projects by approving and disbursing credit before the end of 2026, drawn from five projects that emerged from a dedicated textile sector deal room. DBG's support extends beyond credit to include market development, capacity building, technical assistance and policy advocacy.
The Development Bank Ghana has disbursed more than GH¢2.5 billion since inception, with nearly half going to businesses outside Greater Accra and over 60% to women-led and women-owned enterprises. The bank has reached almost 1,000 businesses and prioritizes agriculture, manufacturing, ICT, and high-value services to drive economic transformation.
Though the Northshore Apparel GH concept was shared with the NPP government through the 1D1F secretariat in 2022, the project was never funded by 1D1F and received no concessionary government support. The project's ground-breaking in 2024 was funded by grant support from a KFW facility and a commercial loan from ADB PLC secured by the promoters.
The GEXIM CEO has praised the commissioned Northshore Apparel Hub in Savelugu as a showcase of Ghanaian enterprise and development finance supporting industrialisation and job creation. The wholly Ghanaian-owned facility is expected to create 3,000 jobs in its first phase, with employment projected to reach 10,000 at full capacity.
President Mahama says Ghana is pursuing a new partnership model with international development partners that prioritizes investment over aid, citing the Northshore Apparel industrial project as an example of how government, private investors, and international financial institutions can combine resources to support commercially viable projects that create jobs and generate sustainable economic returns.
The International Finance Corporation brought together development partners including the World Bank Group, GIZ, KfW, UNDP, and SECO to strengthen collaboration on environmental, social and governance initiatives and accelerate sustainable business practices in Ghana's private sector.
The International Finance Corporation has called for stronger collaboration among development partners to accelerate the adoption of environmental, social and governance standards that promote sustainable private sector growth and economic development in Ghana. The appeal was made during an ESG Roundtable that brought together representatives from the World Bank Group, GIZ, KfW, UNDP, and other organisations working in Ghana's ESG landscape to exchange ideas and improve coordination.
Ghana has secured approximately $990 million in multilateral financing between 2000 and 2024 for flood resilience, sanitation, and water infrastructure, with about $723 million specifically targeted at Greater Accra and GAMA, yet the country continues to suffer devastating floods almost every rainy season.
The International Finance Corporation has brought together development partners across Ghana's environmental, social and governance ecosystem to strengthen collaboration and accelerate adoption of sustainable business practices. The ESG Roundtable for Development Partners involved representatives from the World Bank Group, GIZ, KfW, UNDP, SECO and other organisations to exchange insights and explore partnership opportunities.
The International Finance Corporation has called on Ghanaian family-owned businesses to strengthen succession planning and governance structures, warning that many fail during leadership transitions because successors are often inadequately prepared and founding leaders reluctant to relinquish control.
Development Bank Ghana launched its fifth anniversary celebration and pledged to help transform the oil palm industry from smallholder farms into processing giants, aiming to drive industrial growth, job creation, and exports while increasing production and consumption of locally grown and processed palm oil.
Germany's development bank KfW has subscribed $32 million to become the 13th institutional shareholder in the African Trade & Investment Development Insurance (ATIDI), strengthening the organization's capital base and capacity to support trade and investment across the continent.