Ghana has received one hundred and seventy million euros (€170 million) from the European Investment Bank (EIB) for the establishment of a new national bank, 'Development Bank Ghana' (DBG). It stated that DBG is one of the pillars of the country's GH¢100 billion Ghana CARES 'Obaatampa' Project, which will revitalize the Ghanaian economy from the effect of COVID-19, adding that it would stimulate growth in the private sector and aid to transform the structure of the Ghanaian economy. The Minister for Foreign Affairs and Regional Integration, Hon. Shirley Ayorkor Botchwey, signed on behalf of Ghana, with Dr. Werner Hoyer, President of EIB, signing on behalf of the Bank.
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