Consolidated Bank Ghana Ltd. (CBG) has commissioned its ultra-modern SME Centre at Kokomlemle to cater for the wants of Small and Medium Enterprises (SMEs) clients.
Commending the Bank, the Deputy Minister of Finance in-charge of Wealth Creation, Dr. John Ampontuah Kumah applauded the Bank for its unflinching assist to the SME Sector.
According to the Ejisu MP, SMEs account for an awesome proportion of employment creation in Ghana. In supporting them CBG aligns with the Government’s agenda for SME progress and improvement.
The Deputy Minister additionally counseled the Bank for partnering with the Ghana Employment Agency in rolling out the YouStart programme thus positioning the Bank because the SME Bank of Choice in Ghana.
Speaking at the occasion, the Managing Director of CBG, Mr. Daniel Addo said the Centre gives SMEs with a one-stop store for capability constructing and monetary assist.
According to him, SMEs are the spine of the Ghanaian financial system, contributing about 75% of GDP and constituting nearly 85% of companies in Ghana.
He said, at the SME Centre, experts will present advisory services to the SMEs.
The Managing Director introduced that Euromoney’s latest rating of CBG as 2022 Market Leaders in SME is a robust complement to what the Bank has executed over the last 4 years, granting over GH₵1.5billion to the sector.
He additionally touched on the number of activities to enhance the sector. This contains:
- Introduction of a programme dubbed CBG Adesua Series. This programme engages and educate entrepreneurs.
- Partnering with Ghana Enterprises Agency (GEA) to disburse concessionary loans totaling 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 occasion, Deputy Minister of Trade and Industry in cost of MSME, Nana Ama Dokua Asiamah-Adjei counseled 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 additional indicated that on an ongoing foundation she would personally go to the Centre to see how entrepreneurs are faring.
Earlier in the day, CBG additionally commissioned its plush Trade Fair Branch situated on Giffard Road. The Branch re-emphasizes the Bank’s dedication to superior buyer experience and comfort.
The Managing Director, Mr. Daniel Addo indicated that the Bank is embarking on a bank-wide standardisation exercise to undertaking the branches by making them extra buyer pleasant.
Present at both occasions have been, the Deputy Managing Director of Corporate Resources, Nana Ama Poku, Director of Retail and Business Banking, Emmanuel Nikoi, Director of Global Markets, John Zigah, Director of Operations, Samuel Barketey, Director of Information Technology, George Mensah, General Managers and Heads of Departments of the CBG and a few clients of the Bank.