The Consolidated Bank Ghana (CBG) has teamed up with the new Development Bank Ghana (DBG) to enhance its SME capabilities by extending technical and financial support to SMEs so that they can operate more efficiently. The technology platforms established by the banks will enable SMEs to collect funds trapped in receivables through their mobile wallets, and make deposits via mobile tellers. The DBG, on its part, will provide partial credit guarantees to help finance SMEs and create more jobs. With a capital base of GH¢1.2 billion, DBG is currently well placed to provide additional capital to tide over challenges in the SME sector.
