GCB Bank Limited has financed the purchase of over 30 duty vehicles for the carting of cocoa from the hinterlands to the ports.
The vehicles include 30 Howo light duty and 10 heavy duty trucks as well as tractors with trailers for unmotorable roads.
A ceremony to hand over the trucks to Royal Commodities Limited, a Ghanaian Licensed Buying Company (LBC) took place at the company’s premises in Tema.
Some of the trucks at the Company's premises
Nana Antwi Boasiako, Acting Head of Corporate Banking Department of GCB Bank, handed over the vehicles to Alhaji Razak Adamu, Managing Director of Royal Commodities Limited.
Mr Antwi-Boasiako said GCB has been financing cocoa related businesses over the years and is committed to the development and growth of Ghanaian businesses and entrepreneurs.
Alhaji Adamu said GCB has been at the forefront and finances about 95 per cent of the company’s business.
Adamou test-driving one of the trucks
The Deputy Chief Executive of the Ghana Cocobod, Emmanuel Opuku, who witnessed the ceremony commended the Management of GCB and Royal Commodities for their healthy relationship resulting in the purchase of new trucks for the cocoa sector business.
He lauded the partnership between Cocobod and the company saying that Cocobod is interested in supporting local LBCs to compete and grow in the industry.
Have your say
More Business Headlines
- Fidelity Bank offers ‘unique customer experience on mobile app’
- Yolanda Cuba joins MTN as Group Chief of Digital & Fintech
- 2019 MOBEX Africa Tech Expo & Innovation Awards launched in Accra
- Induction of Insurance Professionals in Ghana - What to expect?
- Ecobank, Partners provide financial support to 16 medical students
- Johannesburg tops Women Entrepreneur Cities Index
- Ghana still high-risk debt of distress country - IMF/World Bank
- Cowbell to construct 20 boreholes to mark 20th anniversary
- Nestle introduces a new kind of chocolate
- Prove your ability to keep debt at sustainable levels - Terkper challenges gov’t
- IMF boss Largade resigns
- PDS urged to use data analytics to improve customer satisfaction
- Businesses urged to respond, deal with issues of sexual harassment
- Land litigations and insurance
- Govt, AGI others urged to raise $5b for AfCFTA