The Consolidated Bank Ghana Limited (CBG) has inaugurated a new branch in Navrongo, located in the Kassena-Nankana Municipality of the Upper East Region. The opening of the branch is part of CBG's strategic expansion plan to provide dedicated and unique banking services to the communities it serves. The ceremony was attended by Mr. Daniel Addo, the Managing Director (MD) of CBG, who expressed confidence that the strategically located branch would attract numerous customers and contribute to progress in the community.
Established five years ago, CBG operates with a focus on three main objectives: providing a differentiated banking experience to customers, standing with customers, and thriving to be at the forefront of innovation in banking.
The MD emphasized the bank's commitment to the Small and Medium Enterprises (SMEs) sector and the agricultural sector, with a keen interest in serving businesses and enterprises operating in those areas. Mr. Addo assured residents that CBG would adopt a unique approach to banking, providing exceptional services to customers.
The Managing Director announced that the government had injected GH¢2.5 billion capital into CBG, enhancing its balance sheet for future growth. He urged residents to approach CBG with their business requirements, emphasizing the bank's availability to discuss customer needs and explore growth opportunities collaboratively.
Mr. Thairu Ndungu, the Deputy Managing Director (DMD) in charge of Operations, highlighted CBG's achievements, including substantial support to small businesses through loans and the integration of technology for online transactions.
DMD Ndungu revealed that 80% of CBG's transactions were conducted online, showcasing the bank's commitment to leveraging technology. He mentioned CBG's partnership with the Development Bank of Ghana to support small businesses and provide education to clients on adapting to new technologies and changing business trends.
The Navro-Pio, Pe Denis Aneakwoa Balinia Adda Asagpaare II, Paramount Chief of the Navrongo Traditional Area, commended the bank's presence in the community and encouraged CBG officials to engage with residents, especially market women, to foster business relationships.
The inauguration ceremony also emphasized CBG's role in providing training and accreditation to small businesses, enabling them to expand and take advantage of opportunities, such as the African free trade area. The Paramount Chief appealed to CBG's management to consider engaging local residents in employment opportunities within the Traditional Area.