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The Development Bank Ghana (DBG) is a government-owned development bank in Ghana.Owned by the government of Ghana, the institution has received grants and loans for on-lending to Ghana's commercial banks, from the African Development Bank, the World Bank Group, the European Investment Bank, and the German Development Bank. [1]
Parliament on Friday approved a $150 million loan agreement between the government and the World Bank's International Development Association to improve Accra's economic resilience.
The World Bank was created at the 1944 Bretton Woods Conference, along with the International Monetary Fund (IMF). The president of the World Bank is traditionally an American. [12] The World Bank and the IMF are both based in Washington, D.C., and work closely with each other.
Victoria Kwakwa is a Ghanaian economist who currenttly serves as the Vice President of the World Bank for Eastern and Southern Africa. She previously served as the Vice President of the World Bank for Corporate Strategic Initiatives from September 2021 to 01 July 2022.
Guaranty Trust Bank (Ghana) Limited, part of GTCO Group; National Investment Bank Limited, state-owned; OmniBSIC Bank Ghana Limited; Prudential Bank Limited; Republic Bank (Ghana) PLC, part of Republic Bank Group; Societe Generale Ghana PLC, part of Société Générale; Stanbic Bank Ghana Limited, part of Standard Bank Group; Standard ...
Ofori-Atta served as a director for numerous companies and as a member of some other boards as well. He was a Director for Enterprise Group Ltd and Trust Bank Ltd of The Gambia of which he is the chairman. He also was a Director at the International Bank and is also a board member of the Acumen Fund. [17] [18] [19]
In September 2017, the Bank of Ghana directed all universal banks in Ghana to raise their minimum capital reserves from GHS:120 million (US$22.8 million) to GHS:400 million (US$73.4 million). Five banks that failed to meet the minimum requirements were merged, namely Construction Bank, The Beige Bank, The Royal Bank, UniBank and Sovereign Bank.
He has also served in a number of directorship positions in various companies, including Accra Brewery Limited, Shell Ghana Limited, Ecobank Cote d'lvoire, State Gold Mining Corporation. Ghana Cocoa Board, Ashanti Goldfields Company Limited, and, Ghana International Bank Plc. London where he was the board chairman between 1998 and 2001.