Consolidated Bank to facilitate trade between Ghana and Singapore

Consolidated Bank Ghana (CBG) has backed efforts by the government to build a strong partnership with Singapore in order to increase trade and investment between the two countries.

CBG, which is a leading indigenous bank, believes such a partnership will be in the strategic interest of Ghana, and therefore, deserves to be supported.

The Managing Director of CBG, Mr Daniel Wilson Addo, announced this at a recent dinner organised by the Ministry of Finance in honour of the Senior Minister of Singapore, Mr Tharman Shanmugaratnam.

He said the bank was poised to facilitate trade between Ghana and Singapore, adding that CBG had provided world-class banking and would accordingly leverage on its expertise and understanding of the Ghanaian economy to support Singaporeans seeking to do business in Ghana.

The Bank earlier that day held a business forum for the Singaporean delegation, where there were presentations on the bank’s operations as well as another on the tax regime in Ghana by PricewaterhouseCoopers (PwC) Ghana.

CBG has consistently demonstrated its commitment to trade and investment by earlier in the year hosting a separate Singaporean delegation.

The dinner, which was attended by the Vice President, Alhaji Dr. Mahamudu Bawumia, top government officials and business executives was part of ongoing engagements to strengthen the relationship between the two countries.

The night was lit with good music, hearty chats, mingling and food. The band played beautiful renditions of local jazz music upon request from the special guest.

The Singaporean Senior Minister described Ghana as a serious country based on the depth and quality of discussions he and his delegation had had with government officials.

“You can tell what a country is like by the seriousness of discussions that take place when you visit and I think Ghana is a very serious country and I say that very sincerely”, Mr Shanmugaratnam stated. Read Full Story