The Consolidated Bank Ghana LTD (CBG) has been recognized by the Ghana Incentive-based Risk Sharing System for Agricultural Lending Project (GIRSAL) through its Partner Excellence Awards with the Highest GIRSAL guaranteed Credit of the Year.
Mr. Kwesi Korboe, CEO of GIRSAL, presented the award to the bank’s managing director to confirm that CBG won the Partner Financial Institution award in 2023 for its significant contribution to agricultural sector credit.
Mr. Daniel Addo, the MD of Consolidated Bank Ghana LTD, thanked GIRSAL for the award.
“For us in CBG this is a clear confirmation that we are doing something right. Our collaboration with GIRSAL has been very fruitful. We have very audacious goals that we intend to achieve together with GIRSAL, and this award will spur us to do more”
“CBG is making an impact in agriculture, and I am glad to say that the collaboration with GIRSAL will deepen this impact” he said.
He repeated that CBG’s obligation to the SME and Agric sectors is extremely critical, and The executives has assembled an arrangement to upscale activities in the areas across the whole worth chain of the Bank.
Mr Addo further added that, the organization plays a critical impact in enhancing CBG’s capacity within the Agribusiness sector with a focus on technical areas and has created support for over 2500 jobs within the agribusiness value chain.
The partnership has also resulted in enlarging the prospect of creating import substitution of rice in line with Government policy to promote made-in-Ghana produce and minimize the dependence of forex on the economy.
For the past three years, GIRSAL has awarded its most active partner financial institutions which are helping increase lending to the agriculture sector through the GIRSAL Partner Excellence Awards.
The awards are given out every year to encourage more lending to the agriculture sector and recognize the significant contributions made by partners, both institutions and individuals. It also gives people a chance to appreciate the efforts of those who are making a difference in the industry.
GIRSAL is a non-banking financial institution established to de-risk agricultural financing and stimulate increased lending to the agricultural sector with the support of financial institutions in Ghana.
The institution provides credit guarantees and technical support to financial institutions and agribusinesses, through well-structured transactions, to increase agriculture lending.
Consolidated Bank Ghana LTD (CBG) is wholly owned by the Government of Ghana and operates as a universal Bank with 114 branches in 13 regions of Ghana. The Bank has strong government support, a large SME client network, and a pool of diverse talent.