
Audio By Carbonatix
The Ghana Commercial Bank (GCB), the nation’s number one commercial bank, says it wants more money to do business.Mr Lawrence Adu-Mante, Managing Director of GCB has appealed to the government to direct more businesses through GCB to build capacity that will enhance investment.
“We have ventured in the areas of the country that our competitors would not and do not want to go and for this community service, we deserve government’s consideration and support,” he said.
Mr Adu-Mante was speaking at the commissioning of the Takoradi main branch of the GCB in Takoradi on Friday.
He noted that the economy has witnessed enormous growth, adding “recently, the oil-find has thrown to us challenges as well as opportunities”.
He said one’s survival in these dynamic developments is to strategise and adopt the right measure to win a greater part of the business.
He added that GCB has been working diligently to ensure that it controls the bulk of business, and that this is reflected in the special products that the bank has been introducing both electronic and card based.
“Riding on the back of an efficient Information Technology System, GCB will bring its expertise in oil financing to bear on businesses in Takoradi and beyond,” he said
Mr Adu-Mante pointed out that with the shifting of business concerns to the oil region, there is the need for international banking standards in services and that GCB is well poised for this.
He assured the people of Takoradi of the bank’s excellent services, which he said could be compared with international standards.
Dr Anthony Akoto-Osei, the Deputy Minister of Finance and Economic Planning in a speech read on behalf of Mr Kwadwo Baah-Wiredu, Minister of Finance and Economic Planning said, since the discovery of oil in the Western Region, companies with foresight have started their strategic move to position themselves for an evolving business opportunities.
He said GCB’s role in the development of the nation and the economy as a whole was very much appreciated.
He said it is anticipated that within the next two to three years, Tullow Oil Company would spend close to three billion Ghana cedis in the region.
“If GCB should get about a third of this, then we will be doing well,” he added.
The government, he said identifying the importance of the banking and the finance sector has facilitated the establishment of the first credit referencing bureau in the country, to ensure the sustenance of the credit cycle of banks.
“This will certainly ensure the growth of the banks, and as such the financial sector,” he said.
Dr Akoto-Osei said in recognition and as a reward for this social service of venturing where others fear to tread, government will continue channelling business through GCB.
He urged GCB to re-examine it position of extending branches outside the country.
Mr E.K.A. Ntreah, the Takoradi Area Manager, GCB, expressed appreciation to the board of directors and the management of the banks for the new office.Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Atletico Madrid stun 10-man Barcelona to seize Champions League semi-final advantage
36 minutes -
Black Stars coach to be announced by next week – Sports Minister
46 minutes -
Chiefs, queen mothers and principal elders of Odau group denounce ‘rebellious Etweresohene’, pledges allegiance to Okyenhene
53 minutes -
KNUST library dress code sparks online backlash over strict rules
1 hour -
Cultural Diplomacy in Action: Ghanaian youth leaders present symbolic smock to U.S. Chargé d’Affaires
1 hour -
Ghana Card payment activation under review – NIA breaks silence on financial integration
1 hour -
Ofori-Atta’s ICE release on bail positive; he poses no risk – Amanda Clinton
1 hour -
Ken Ofori-Atta’s passport seized after bail, set to reappear in US Court on April 27
2 hours -
Stuck contraceptives risk HIV surge – Ghana HIV/AIDS Network President warns
2 hours -
Edmond Boateng elected Secretary of Honorary Consular Corps of Ghana
2 hours -
Omanhene Kwabena Asante slams GIADEC CEO over alleged discrimination in mining concessions
2 hours -
Majority of Ghanaian importers lack awareness of cargo insurance – Gyampo
3 hours -
GJA Ashanti applauds Asantehene for securing land for new press centre
3 hours -
CIMAF Ghana donates cement to Afua Kobi SHS
3 hours -
Ghana to benefit from France’s National health platform following Paris talks
3 hours