Tag: GCB Bank
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GCB Bank rewards Kasoa Police for foiling attack at branch
GCB Bank Ltd has rewarded personnel of the Kasoa Divisional Command of the Ghana Police Service for demonstrating patriotism and commitment to the national interest. The Bank also paid the medical bills of Inspector Charles Yeboah of the Command who was injured in front of the Kasoa Main Branch of the Bank during a scuffle…
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GCB Bank constructs 6-classroom block in Sawuah in Afram Plains
GCB Bank has constructed and handed over a six-classroom block for school children in Sawuah, a community close to Donkorkrom in the Afram Plains District in the Eastern region to replace their school building which collapsed five years ago. The school building which costs GH¢400,000, comes with a staff common room, a water reservoir and…
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GCB Bank refurbishes Ussher Clinic in Jamestown
GCB Bank Limited has completed 80 percent of an on-going remodeling and renovation of the Ussher Clinic in Jamestown, Accra. The clinic, which serves a majority of the residents of the Ashiedu-Keteke sub metro of the Greater Accra region, has seen very little renovation since its establishment in 1963. Before the commencement of the renovation,…
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GCB Bank pays GH¢16.9m dividend to government
GCB Bank last Wednesday presented a cheque for GH¢16.9 million to the Finance Minister, Ken Ofori-Atta, being dividend payment for the 2018 financial year. The bank’s presentation follows a strong financial performance in the year under review where it declared more than GH¢300 million net profit. Speaking at a short ceremony to present the cheque,…
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GCB Bank to expand operations through technology—Board Chairman
The Board Chairman of GCB Bank, Jude Kofi Arthur has stated that the bank will focus on expanding is operations through technology. According to him, even though GCB bank can boost of the largest number of branches in the country, it will however leverage on technology to further entrench its position as the leading bank…
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Local suppliers in petroleum upstream sector cry over high cost of credit
Local suppliers in the Petroleum Upstream sector are asking commercial banks to review downwards the cost of credit. The companies complain most of the banks charge relatively higher rates on loan packages which affect their returns. The local suppliers in the Petroleum Upstream sector are businesses that provide various services to major oil companies that…
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GCB Bank to expand to other West African countries
Ray Sowah, Managing Director of GCB Bank, has revealed that the Bank plans to expand its operations into the West Africa sub-region, beginning with the English-speaking countries. A statement from the Bank to the Ghana News Agency noted that the Bank was also exploring with a foreign partner to form a joint venture to provide…
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Special court for financial sector will deal with various issues — Ray Sowah
Managing Director of GCB Bank Ray Sowah has stated that the suggestion by the Central Bank for the Chief Justice to establish a special court to deal with financial cases will help settle financial disputes amicably. The Governor of the Bank of Ghana, Dr. Ernest Addison urged the Chief Justice to establish special courts to…
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420 workers of UT, Capital banks lost their jobs after GCB takeover — GCB MD
GCB Bank has told Citi Business News a total of 420 workers lost their jobs after it took over the defunct UT and Capital banks two years ago. This was after the workers did not meet the requirements set by the bank. The disclosure was made when the company took its turn at the Facts…
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Ghana’s debt hits 172.9 billion cedis
The total amount that Ghana owes reached 172.9 billion cedis in November 2018. This is according to data from the Bank of Ghana. The Summary of Economic and Financial data by the central bank shows that between July and November 2018, the country added 13.2 billion cedis to its debt. The figure went up from…