Consolidated Bank Ghana Ltd. (CBG) has commissioned its ultra-modern SME Centre at Kokomlemle to cater for the needs of SME Clients. Commending the Bank, the Deputy Minister of Finance in charge of Wealth Creation, Hon. Dr John Ampontuah Kumah praised the Bank for its unflinching support to the SME Sector.
According to the Deputy Minister, who is also a Member of Parliament for Ejisu
in the Ashanti region, SMEs account for an overwhelming proportion of
employment creation in Ghana. In supporting them CBG aligns with the
Government’s agenda for SME growth and development.
The Deputy Minister also commended the Bank for partnering with the Ghana
Employment Agency in rolling out the YouStart programme thus positioning the
Bank as the SME Bank of Choice in Ghana.
Speaking at the event, the Managing Director of CBG, Mr. Daniel Addo said the
Centre provides SMEs with a one-stop shop for capacity building and financial
support.
According to him, SMEs are the backbone of the Ghanaian economy, contributing
about 75% of GDP and constituting almost 85% of businesses in Ghana. He
said, at the SME Centre, experts will provide advisory services to the SMEs.
The Managing Director announced that Euromoney’s recent ranking of CBG as 2022
Market Leader in SME is a strong complement to what the Bank has done over the
last 4years, granting over a 1.5billion to the sector. He also touched on
the number of activities to boost the sector. This includes:
· Introduction of a programme dubbed CBG Adesua
Series. This programme engages and educate entrepreneurs.
· Partnering with Ghana Enterprises Agency (GEA)
to disburse concessionary loans totalling GHS154billion to 34,000 SMEs
· Partnering with German International
Cooperation (GIZ) to train 500 Artisans by December 2022.
· Partnering GIRSAL in supporting the Agric Sector
The Guest Speaker at the event, Hon. Nana Ama Dokua Asiamah-Adjei, Deputy
Minister of Trade and Industry in charge of MSME commended and lauded CBG for
the initiative.
“I am particularly excited about the Bank’s focus on prioritizing support
towards Micro, Small, and Medium Enterprises (MSMEs) promotion for national
development because the growth of our MSMEs largely depends on the financial
support that is needed to be injected into viable and high-growth firms as well
as start-ups. I wish to congratulate CBG for its profound support for the
promotion of MSMEs in the country”.
The Deputy Minister further indicated that on an ongoing basis she would
personally visit the Centre to see how Entrepreneurs are faring.
Earlier in the day, CBG also commissioned its plush Trade Fair Branch located
on the Giffard Road. The Branch re-emphasizes the Bank’s commitment to
superior customer experience and convenience. The Managing Director, Mr. Daniel
Addo indicated that the Bank is embarking on a bank-wide standardization
exercise to project the branches by making them more customer friendly.
Present at both events were, the Deputy Managing Director, Corporate Resources,
Madam Nana Ama Poku, Director, Retail and Business Banking Mr. Emmanuel Nikoi,
Director, Global Markets Mr. John Zigah, Director, Operations Mr. Samuel
Barketey, Director, Information Technology Mr. George Mensah, General Managers
and Heads of Departments of CBG and some Customers of the Bank.
Source:
Peacefmonline.com/Ghana