Ghana’s GCB Bank Signs Agreement with Invest in Africa

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GCB Bank, the biggest bank in Ghana, has announced a deal with Invest In Africa (IIA) to support SMEs.

The partnership will, among other things, explore how SMEs shortlisted by GCB Bank for the Government’s One District One Factory (1D1F) industrialisation programme can benefit from the Business Excellence Programme (BEP); IIA’s flagship access to skills platform.

GCB Bank’s Managing Director, Anselm Ray Sowah, explained that: “joining the Invest In Africa initiative further reinforces GCB Bank’s commitment to Ghana, to make a positive difference by supporting in the growth of local businesses.”

IIA is a private sector initiative that brings together indigenous and international companies across sectors to actively work together to create a sustainable business ecosystem – by offering local enterprises access to finance, markets and skills that improve their competitiveness and accelerates their growth.

Launched in Ghana in September 2014, IIA has registered 1500+ SMEs, facilitated credit access of $973, 000 and tenders won valued at $97.1 million.

“The partnership with GCB is yet another example of IIA’s commitment to building the right relationships to support SME development, local capacity building and job creation,” said Clarence Nartey, IIA’s Country Director.

GCB Bank, the largest indigenous financial institution in Ghana with over 180 branches and a strong digital banking backbone, promises IIA registered SMEs will benefit from short-to-medium term capital to enable them service tenders won on the African Partner Pool (APP), IIA’s flagship platform for accessing tenders.

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