Stanbic Bank Ghana has again demonstrated its commitment to supporting the growth of Ghana’s economy through the financing of a state-of-the-art wheat-mill built by Olam Ghana, a leading global and integrated supply chain manager of agricultural products and food ingredients. The mill is expected to produce 500 metric tonnes per day of high quality flour and also provide employment and income to thousands of Ghanaians, and was inaugurated by President Mills on Friday. Stanbic Bank co-financed the project to the tune of US$17million Ghana is one of Olam's key investment destinations, and this is another step in creating a pipeline of initiatives earmarked for Ghana and the rest of Africa. According to Olam Ghana, the country is a highly strategic component in the company's growth plans. Amit Agrawal, Country Head of Olam Ghana said: “Africa is critical to Olam's business. Within Africa, Ghana stands out as a highly strategic component in our company's growth plans. We continue to look for profitable opportunities to invest in the agriculture and agro-processing sectors of the Ghanaian economy.” Managing Director of Stanbic Bank Ghana, Alhassan Andani, said: "This project has every indication of contributing immensely to Ghana's food security. We at Stanbic Bank have a purpose to improve lives and we seek to live this in every opportunity that will bring happiness to our people. The mill will provide employment and income to homes and the government." Director of Stanbic Bank’s Corporate and Investment Banking, Kwamina Asomaning, said: "Stanbic Bank CIB has consistently demonstrated its commitment to support Ghana's infrastructure base. The flour-mill, a landmark project, is another manifestation of our capabilities as the leading investment bank in the country. We enter into partnerships which produce results that matter." This is the latest in a number of recent financing deals executed by Stanbic Ghana. The bank has been a major financing support to a number of landmark projects including construction of the Movenpick Ambassador Hotel in Accra, the construction of Ghana’s largest shopping mall — the Accra Mall, provision of capital to Gold Fields Ghana to expand their operations, and provision of a facility to leading telecommunication infrastructure provider Eaton Towers to build telecommunication towers. These project-financing capabilities led to the bank being awarded as the best investment bank in Ghana in 2011.