Ghana news briefing
Governor urges banks to deepen financing for SMEs, agriculture
By GhanaSummary Newsroom1 min read
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.
Dr Johnson Pandit Asiama, Governor of the Bank of Ghana (BoG), made the call at a meeting with Chief Executive Officers and Heads of Banks in Accra on Wednesday.
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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