‘GCB Bank poised to support Ghanaian businesses for sustained national development’- GCB MD

Managing Director of GCB Bank PLC, Mr. Kofi Adomakoh, has re-iterated his outfit’s commitment to the provision of relevant support to Ghanaian businesses for sustained socio-economic growth.

According to him, the Bank is seeking to demonstrate its resilience by supporting Ghanaian businesses to explore beyond the shores of Ghana or attract Ghanaian products and services out of Ghana.

“GCB was born as a Ghanaian Bank for the People and led by Ghanaians with a single-minded purpose to liberate Ghanaians and individual businesses economically and financially. In the last seven decades, GCB has done just that in promoting Ghanaian state institutions, industries, and the private sector, from the cocoa industry to the oil and gas sector. Now, we are seeking to show more of that resilience in our ability to grow African champions in our country by supporting Ghanaian businesses to explore beyond the shores of Ghana or attract Ghanaian products and services out of Ghana.”

Delivering the welcome address at a colourful ceremony held at the Labadi Beach Hotel to launch the 70th anniversary of GCB Bank, Mr. Adomakoh noted that the Bank which was established in 1953 as a panacea to the numerous of the challenges encountered by indigenous businesses in accessing relevant support, would not relent in its efforts in providing unrivaled financial solutions to Ghanaian businesses.

Commenting further, the Managing Director commended the forefathers and the founding Board and Management of the Bank for their foresight in the establishment of the nation’s first financial institution which has grown to provide bespoke financial solutions to many local businesses so many years on.

“On behalf of the Board, Management, and Staff of GCB Bank, I thank our forefathers and the founding Board and Management for nurturing this seed which has evolved into the GCB Bank PLC after 70 bold years of providing unrivalled financial solutions towards the socio-economic development of Ghana,” he said.

On his part, Finance Minister and Keynote Speaker for the event, Hon. Ken Ofori-Atta, admonished the Bank to continue to innovate and adapt by leveraging technology with increased focus on customer centricity and cybersecurity in order to remain an industry leader.

“While we rejoice in GCB Bank’s achievements, we must recognize that the world of banking is evolving. Just like many trailblazing institutions have embraced new technologies, GCB Bank must continue to innovate by investing heavily in technology, with increased focus on customer-centric activities and the prioritization of cybersecurity to maintain its grip on the market,” he encouraged.

Commenting further, the Minister lauded the Bank for its commitment to social responsibility describing its flagship social responsibility initiatives as essential to nation building.

“GCB Bank’s dedication to social responsibility is commendable and as we commemorate its platinum jubilee, let us recognize its contribution to various social interventions. This spirit of giving back to society is an essential part of nation building and I would like to encourage GCB Bank to continue to live by example,” he emphasized.

Taking his turn, Board Chair for GCB Bank, Mr. Jude Arthur, emphasized the Bank’s commitment to a sustainable future which accounted for the Bank’s heavy investment in ESG. He stated that GCB Bank would continue to champion innovative ESG initiatives for the advancement of society.

“With changing dynamics that come with ESG the bank is focused on sustainability for the future. At GCB Bank, our commitment extends beyond financial excellence. We recognize our immense responsibility to the broader community and the need for sustainable growth for the Bank. Through our bespoke ESG initiatives, we will continue to strive to empower local communities by providing access to financial services, supporting education and healthcare programs, and promoting fair labour practices within our supply chain. We firmly believe that by aligning our business objectives with ESG goals, we can forge a brighter future for all.”

GCB @70 is a yearlong celebration heavy – laden with a variety of activites including thought leadership sessions, nationwide experiential consumer activities, among others.

The launch, held under the theme “70 years of providing unrivalled financial solutions towards the socio-economic development of Ghana,” brought together present and past staff, customers, regulators, and other relevant stakeholders. Attendees were treated to firsthand experience of the Bank’s evolution with a brief walk through a specially curated vault that told a vivid story of the Bank’s history using archival images and footages and some other handpicked items with a deep connection to the Bank’s history.


Source: GCB Bank

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