BoG identifies $4.8bn annual SME financing gap, pushes digital data-driven lending

The Bank of Ghana (BoG) has identified an estimated US$4.8 billion annual financing gap facing small and medium-sized enterprises (SMEs), warning that the country’s sophisticated digital payment infrastructure has not yet translated into equally accessible credit for businesses. Second Deputy Governor of the Bank of Ghana, Matilda Asante-Asiedu, said Ghana has made significant progress in…