Development Bank Ghana (DBG) has strongly refuted recent media claims regarding its initial capitalisation and profit losses, clarifying several inaccuracies.
The bank clarified that it was initially capitalised in 2021 with over GHS1.1 billion from the Government of Ghana, followed by an additional GHS268 million from the African Development Bank, not the $750 million previously reported.
In a statement issued on Wednesday, November 13, DBG also denied allegations of significant losses, highlighting that the bank has posted annual profits since its inception, including GHS80 million in 2023.
DBG further reaffirmed its commitment to strong governance practices, with rigorous internal audit systems overseen by its Board of Directors to ensure transparency and accountability.
