Audio By Carbonatix
GCB Bank Limited has invested a total of ¢378 million in the cocoa and agricultural sectors of the economy in the past year.
Of the amount, ¢370 million went into the cocoa industry in the form of Overdrafts, Term Loans and Seed Fund Guarantees for the funding of cocoa purchases to licensed buying companies.
The remaining GH¢8 million was utilised in funding the purchase of over 40 vehicles, tractors and heavy-duty trucks for the transportation of cocoa from the hinterlands to the various ports.
The Managing Director of GCB, Anselm Ray Sowah, who announced this, gave the assurance that the Bank would from the year 2020 extend its support to fish farming and poultry.
Speaking at GCB’s encounter with its Corporate Clients in the cocoa and agriculture sectors in Accra, the MD also revealed that the Bank has partnered with some vehicle dealerships with over ¢12 million to set up a franchise for reputable vehicle brand.
“In line with this arrangement, we have developed flexible credit facilities to enable individuals to purchase brand new vehicles,” he said.
Additionally, the Bank has also made significant gains in the Insurance and Financial Services Industry by integrating its systems to make transactions more fluid and convenient.
The Acting Head of Corporate Banking Department of the Bank, Nana Antwi Boasiako, said the Bank in 2020 would offer superior products and excellent services, adding that GCB offers stability and liquidity for corporate businesses.
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.
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
-
Glasgow 2026: Nancy Bamfo, Adelaide Djabatey eliminated in women’s 54kg boxing
34 minutes -
Ghana’s construction ‘Gross Value Added’ to slow down in 2027, 2028 – Fitch Solutions
2 hours -
42-year-old man jailed 10 years for defiling 7-year-old boy in Wa
2 hours -
T-bills: Government exceeds target by 30%; interest rates decline again
2 hours -
Man jailed 10 years for defiling seven-year-old boy in Wa
3 hours -
Trump paused attacks on Iran to make space for talks, US ambassador says
3 hours -
NSMQ 2026 : Boa Amponsem SHTS makes light work of rivals to reach nationals
3 hours -
ORAL is still working and prosecuting corruption cases – Deputy AG
3 hours -
Adu-Boahene case is straightforward, not complex – Deputy AG
3 hours -
Deputy AG alleges ‘deliberate campaign’ to misrepresent Adu-Boahene prosecution
3 hours -
NSMQ 2026: Holy Child School returns to nationals after defeating Mankessim SHTS in tie-breaker
3 hours -
The Circular economy: The missing layer in Ghana’s flood prevention strategy
4 hours -
Abla Gomashie secures $3.5m Korean support for Ghana’s heritage
4 hours -
Man jailed 20 years for incest involving 17-year-old daughter in Upper West
4 hours -
Parliament cannot transfer Attorney-General’s prosecutorial powers through legislation – Deputy AG
4 hours