GCB Bank and Invest in Africa reach an agreement

GCB Bank and Invest in Africa (IIA) announced the signing of an agreement that officially makes GCB Bank the new partner of the initiative.

The IIA is a private sector initiative that brings together leading Aboriginal and international businesses in all sectors. working together to create a sustainable business ecosystem – by providing local businesses with access to finance, markets and skills that improve their competitiveness and accelerate their growth.

Launched in Ghana in September 2014, IIA has so far registered more than 1,500 small and medium-sized businesses, facilitated access to $ 973,000 worth of credit and won bids for offers valued at $ 97.1 million.

GCB Bank's Managing Director, Mr. Anselm Ray Sowah, explained that "joining the Invest In Africa initiative further strengthens GCB Bank's commitment to Ghana, to make a positive difference by supporting the growth of local businesses. "

For his part, Mr. Clarence Nartey, Country Director of Invest in Africa, said: "The partnership with GCB is another example of the IIA's commitment to establishing the right relationships to support SME development, local capacity building and job creation. ] GCB Bank, the largest indigenous financial institution in Ghana with more than 180 branches and a strong digital banking base, promises that registered SMEs will benefit from short- and medium-term capital to win bidding opportunities. African Partner Pool (APP); Flagship platform of the IIA for access to calls for tenders.

The partnership will also explore how pre-selected SMEs by GCB Bank for the Government's One District One Factory (1D1F) industrialization program can benefit from the Business Excellence Program (BEP); The flagship access of the IIA to the platform of skills.

The major companies and organizations already supporting the initiative are: Tullow Ghana, MODEC, Newmont Mining, Ecobank Ghana, Societe Generale Ghana, Guinness Ghana Breweries, AB and David Law, the Millennium Development Authority (MiDA), Association of Ghana Industries (AGI), Ghana Investment Promotion Center (GIPC), EY, African Development Bank (AfDB) and Multimedia Group.

Source: GNA