GCB
GCB

GCB Bank Limited has earmarked GH¢1b to support the “1D1F” initiative of the Government of Ghana.

The Managing Director of the Bank, Mr Anselm Ray Sowah, who made the pronouncement of the package explained that “with 161 branches across the country, and with their presence in every region and most districts, GCB is the Bank to cradle the “One District One Factory initiative.”

Mr. Sowah made the pronouncement at a forum organized by the Ghana National Chamber of Commerce on the One District One Factory policy initiative.

According to a statement received at Newsghana.com.GH from GCB Bank, Mr. Sowah said, GCB was set up to provide financial intermediation services for national development, therefore, the Bank will offer an array of price concessions for businesses that will operate under the policy initiative.

He made mention that, the Bank has designed a special package for customers operating under the initiative. And these he said includes; the setting up of a dedicated unit to drive the programme, with unrivalled experience and expertise, partnering with respected consultants to provide advisory services to develop business proposals from prospective investors, cost of which will be picked by the Bank.

Read The Original Statement Below

GCB NOMINATES REPRESENTATIVES FOR ONE DISTRICT ONE FACTORY AGENDA

GCB Bank Ltd has nominated 216 officers to work with the various districts of the country to help ensure entrepreneurs selected under the One District One Factory (1D1F) Initiative benefit from easy credit facilities from the Bank.

The GCB representatives will work closely with the District Implementation Committees to extend credit businesses and entrepreneurs selected to establish factories in the districts.

The GCB 1D1F Team is responsible for the generation of credit reports from qualified applications for onward for onward review and approval through the credit approval chain.
Besides, the Bank has established a special purpose Unit to provide financial support to promotors, businesses and entrepreneurs under the One District One Factory (1D1F) policy of the state.

The establishment of the Unit under the Bank’s Business & SME Banking Department follows GCB’s nomination by the Government as a key supporting Bank of the 1D1F.
The Ministry of Trade and Industry and 1D1F Secretariat formed the District Implementation Committees (DICs) to be chaired by the M/DCE of the respective districts to facilitate the smooth implementation of the programme.

GCB’s commitment and involvement in the 1D1F Initiative affirms its position as the leading supporter of indigenous and SME businesses in the country.
GCB Bank in the middle of this year announced its commitment towards the 1D1F initiative and earmarked GH¢1billion for direct funding, the organization of workshops and has introduce an array of price concessions for 1D1F clients.

By:Newsghana.com.gh

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