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Development Bank Ghana Has 5-Year, $4 Billion Capital Target

  • CEO Duker says long-term small business lending extremely rare
  • Lender won funding from World Bank, European Investment Bank
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Development Bank Ghana, which officially starts operations on Tuesday with about $800 million in capital, plans to grow fivefold over the next five years to help end a shortage of funding to small and medium sized enterprises. 

It will lend money to financial institutions, which should in turn give loans to business owners at an affordable interest rate, Kwamina Duker, its chief executive officer, said in an interview from Accra, the capital.