DMD Operations, MrEmmanuel Lamptey has emphasized the Bank’s commitment to growing local businesses to help boost Ghana’s economy. He said this when delivering the opening remarks on at a round table discussion organized as part of the discussion sessions which took place at the maiden edition of the 3i Africa Summit which took place in Accra.
“At GCB Bank we are deeply committed to fostering economic prosperity and powering industries that drive sustainable development and leading market development efforts to solve important national problems. Today we have set our sights on the cashew sector, a sector ripe with potential and brimming with promise.”
The panel which was moderated by GCB’s Executive Director Wholesale and Investment Banking, Mr. Sam Aidoo, focused on The Pivotal Role of Technology in De-risking and Catalyzing Growth within the Cashew Industry. Panelists present included different stakeholders in the Agric and agricultural financing sectors as well as players in Ghana’s cashew industry.
Mr. Lamptey further highlighted the Bank’s interest in the cashew industry and the role of technology in solving some of the issues plaguing the cashew sector.
“Technology presents a transformative opportunity for the cashew sector enabling stakeholders to overcome barriers unlock efficiencies and seize new avenues for growth. We are hoping to generate multi-stakeholder engagements at the right levels with the aim of developing a technology-based framework that will reduce risk across the cashew value chain to attract more bank financing to the sector.”
The 3i Africa Summit is an initiative by the Bank of Ghana, Development Bank Ghana, and the Monetary Authority of Singapore to drive digitalization and technology in the financial sector to enhance inclusion.The theme of the summit which was “Unleashing Africa’s FinTech and Digital Economic Potential,” focused on transforming Africa’s economic landscape through sustainable, long-term capital allocation.