Ghana news briefing
BoG Governor urges banks to deepen financing for SMEs, agriculture
13, GNA – The Bank of Ghana has urged banks to expand productive lending by developing flexible financing products tailored to small and medium-sized enterprises (SMEs), particularly in agriculture.
On digital lending, Dr Asiama urged banks to exercise heightened due diligence when dealing with digital credit service providers and verify their licensing status with the BoG before entering into partnerships.
He said private sector credit had recorded significant growth, creating an opportunity for banks to channel more resources into productive sectors of the economy.
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