Daniel Wilson Addo (left), Managing Director, CBG, and Major General Thomas Oppong-Peprah, Chief of Army Staff, after the meeting

Chief of Army Staff visits Consolidated Bank Ghana

Graphic Business Business News Jun - 21 - 2022 , 16:53

To cement the relationship between Consolidated Bank Ghana Ltd (CBG) and the Ghana Armed Forces (GAF) for future collaborations, the Chief of Army Staff, Major General Thomas Oppong-Peprah, has paid an official visit to CBG at its head office in Accra.

The Managing Director of CBG, Daniel Wilson Addo, during the meeting said: “CBG is a 100 per cent government-owned bank which was formed in 2018. In a space of four years, we have grown to assume a pivotal role in Ghana’s economy, focusing our energies on the growth of businesses, particularly SMEs and corporate.”

“We are the second largest bank in Ghana in terms of branch distribution with 114 branches. CBG is very much focused on a digital agenda and our key plan for the next three years is to build a strong digital foundation architecture over the branch networks we have. We are a very good corporate citizen, and over the years, we have worked with the security services such as the Police Service, but not much with the Ghana Armed Forces. Thus, we are looking forward to cementing the relationship we have with Ghana Armed Forces,” Mr Addo added in a release issued in Accra yesterday.

For his part, Maj. Gen. Oppong-Peprah noted that the GAF and CBG needed to work together.

“The world is changing and security in the world is vital at this point for the development and growth of every nation. And so we have moved from the traditional way of providing security to dealing with cyber security, terrorism, fraud, hacking into systems and others.

“Monitoring events in our neighbouring countries, we have realised that these activities are growing and expanding and as a result, we have also revised our security methods. Some of the measures include human security to assist organisations in providing appropriate support to reduce the impact of these threats on society.

“It is imperative for us to work together because one of the key areas we have realised we need to assist more is the financial sector. There is the urgent need for collaboration in terms of sharing ideas, provision of traditional security such as escort duties for bullion vans and others,” he said.