To cement the relationship between Consolidated Bank Ghana Limited (CBG) and the Ghana Armed Forces (GAF) for future collaborations, the Chief of Army Staff has paid an official visit to the bank’s Head Office in Accra.

Receiving Major General Thomas Oppong-Peprah and his team, the Managing Director of CBG, Daniel Wilson Addo, said his outfit was delighted to have them.

“On behalf of the Board, Management, and Staff of CBG, I officially welcome you to Consolidated Bank Ghana Ltd. This is a particularly auspicious day in the history of CBG to have you here with us today. We have heard of your illustrious career and are glad to be associated with you”.

“CBG is a 100 per cent government-owned bank formed in 2018. In four years, we have grown to assume a pivotal role in Ghana’s economy, focusing our energies on the growth of businesses, particularly SMEs and Corporate.

“We are the second largest bank in Ghana regarding branch distribution with 114 branches. CBG is very much focused on a digital agenda, and our key plan for the next three years is to build a strong digital foundation architecture over the branch networks we have.

“We are a very good corporate citizen, and over the years, we have worked with the security services such as the Police Service but not much with the Ghana Armed Forces.

“Thus, we are looking forward to cementing our relationship with Ghana Armed Forces,” Mr Addo added.

On his part, Major General Thomas Oppong-Peprah noted that the GAF and CBG needed to work together.

“The world is changing, and security in the world is vital at this point for the development and growth of every nation. And so, we have moved from the traditional way of providing security to dealing with cyber security, terrorism, fraud, hacking into systems and others.

“Monitoring events in our neighbouring countries, we have realised that these activities are growing and expanding, and as a result, we have also revised our security methods. Some of the measures include Human security to assist organisations in providing appropriate support to reduce the impact of these threats on society”. 

“It is imperative for us to work together because one of the key areas we have realised we need to assist more is the financial sector. There is the urgent need for collaboration in terms of sharing ideas and provision of traditional security such as escort duties for bullion vans and others,” he said.

Daniel Wilson Addo assured the Major General that there will be more collaborations between CBG and GAF.

“CBG can assist the Armed Forces with tailor-made solutions to meet the needs of the Armed Forces. We have a strong transaction team and efficient lending platform which disburses loans to individuals within 48 hours.

“We look forward to doing more business with you and extending our loan services to other regions and recruits. Once again, we are delighted to have you,” he concluded.