Consolidated Bank Ghana And Stakeholders To Play A Major Role In The Growth Of The Export Sector

To show its steady commitment to supporting Ghana’s economic growth and development, Consolidated Bank Ghana LTD (CBG) has hosted its maiden ‘Thought Leadership Breakfast Meeting’, a solution-based stakeholder engagement platform to address economic challenges.

The event, held under the theme “Import v Exports – Role of CBG, Policy Makers; and SMEs in fostering business growth and currency stabilization,” united key stakeholders for an engaging dialogue. The meeting also tried to perceive the significance of encouraging informed conversations that can prompt positive economic progress.

The event highlighted the Bank’s customer-centric approach and commitment to supporting businesses, particularly Small and Medium Enterprises (SMEs).

As an SME and a policy bank, CBG is committed to essentially adding to the acknowledgment of ideal economic growth for Ghana.

The target of the meeting was to unite major stakeholders to have an engagement, what they can all refine, and especially, what arrangements exist to make their export industry a sought after one.

The meeting was also for the need for industry collaboration as the key to fostering economic prosperity, and to provide the bedrock of financial stability for businesses to flourish.

It also further highlighted the need for collaborative efforts from financial institutions, policymakers, businesses, and stakeholders and how they are needed to nurture an environment conducive for growth, innovation, and inclusive prosperity, particularly for export companies.

By far, most of the organizations working in the export sector are SMEs. These SMEs frequently find it very hard to get financial support for their operations, notwithstanding their true capacity, therefore this is an opportunity for such organizations.

Banks Should Focus On The Growth Of Businesses- Asantehene

Banks, Policymakers, Businesses, and all Stakeholders have a role to play in supporting the Export Sector to grow. Growing the export revenues exponentially means they will be able to catch up with the rate of importation of goods and services and ensure a healthy balance of trade position that will trigger economic growth and the stability of the Ghana Cedi.

The CBG ‘Thought Leadership Breakfast Series’ is a platform for fostering meaningful dialogue and mutual corporate relationships. The Bank’s commitment to thought leadership and economic enlightenment echoes its role as a catalyst for informed economic growth and stability.

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.