CBG Assures to Support Export Trade

An Indigenous Ghanaian Universal Bank the Consolidated Bank Ghana (CBG), has organised an Exporters Forum, pledging its support for Small and Medium Enterprises in the country.

The one-day Export forum brought together various exporters, export facilitation institutions and stakeholders to explore opportunities in International trade, in a bid to improve Ghana’s Export Trade.

Representatives from the Ministry of Trade and Industry, Ghana Investment Promotion Centre (GIPC), Federation of Association of Ghanaian Exporters (FAGE), Ghana Assorted Food Stuff Exporters Association (GAFEA), Ghana Root Crops and Tubers Exporters Union (GROCTEU), Vegetable Producers & Exporters Association (VEPEAG), Sea- Freight Pineapple Exporters of Ghana (SPEG) also participated.

Speaking at the forum, Deputy Managing Director of Consolidated Bank Ghana (CBG) Thairu Ndungu the event seeks to foster relations and cooperation between CBG and exporters in the Ghanaian economy.

He said it is imperative for Ghana to take advantage of exports of goods and services since it contributes more than 35% of Ghana GDP.

“Exports contribute more than 35% of our GDP and it is very critical to the stability of the Ghana Cedi, hence the urge to spearhead the discussion on how to develop initiatives and activities that offer collaborative support and partnership with exporters in Ghana. CBG is committed to facilitating National Development and the first step is to fervently support Small and Medium Enterprises in Ghana,” he said.

“By engaging key stakeholders through this Forum, CBG pledges its support to our exporting customers, as you proudly showcase ‘Made in Ghana’ to the rest of the world.

“We promise to create a strong partnership that will not only benefit both of us but also the entire economy. It is my humble believe that this partnership will instrumentally promote national development and the agenda of ‘Ghana Beyond Aid’,” he noted.

On his part,  Board Chairman of CBG, Nana Abra-Appiah, assured the exporters of CBG’s commitment to provide seamless management of funds. “At CBG, we are ready to serve you with expert financial advisory services and banking with tailor-made solutions. We say that our doors are open to you always. Talk to us or walk in and patronise all our product offerings to the full benefit of you and your business needs.”

The Director of Projects Ghana Export Promotion Authority (GEPA), Alexander Dadzawa, was full of admiration for CBG for meeting exporters to address their cash needs with tailor-made products.

“I must admit, this initiative is the first by a bank in Ghana and it is reassuring that CBG has called for all of us to listen to our banking needs. We look forward to more of such engagements and partnerships,” he added.