Consolidated Bank of Ghana (CBG) has been accepted to join the Commonwealth Enterprise and Investment Council (CWEIC)– a major Commonwealth organ created by the 54 Commonwealth Heads of Government to promote Trade, Enterprise and Investment within and across the Commonwealth of Nations.
CBG which is the second largest bank in Ghana by branch network joined the Commonwealth Enterprise and Investment Council at a unique time as the Council prepares for the Commonwealth Heads of Government Summit in Rwanda in June 2022, and the Commonwealth Games in Birmingham, in the United Kingdom, in July 2022.
The move means CBG now joins an illustrious group of companies such as: Standard Chartered, Afreximbank, Dangote group, City of London, De La Rue, Royal Mail and Rolls Royce. The new membership will enable Mr. Daniel Addo, CEO of CBG to sit alongside other CEOs on the Global Advisory Board.
The Right Honourable Lord Marland of Odstock, Chairman of Commonwealth Enterprise and Investment Council, expressed his excitement over CBG joining the council.
“We are very delighted to welcome Consolidated Bank Ghana (CBG) as our newest Strategic Partner and to appoint Daniel Wilson Addo, Chief Executive Officer of CBG, to CWEIC’s Global Advisory Council.”
Right Honourable Lord Marland
Mr. Gabby Otchere -Darko, Chairman of the Advisory Board, CWEIC Ghana, also expressed similar sentiments while recognising the prospect of CBG in driving the Pan-African dream.
“CBG is an indigenous bank wholly owned by Government of Ghana. It is currently the second largest in Ghana by branch network and has a staff strength of 2,300 plus. With 114 branches across Ghana, the Bank is poised to become the leading SME Bank in Ghana and ultimately the West African Sub-Region, leveraging technology to grow market share and presence. We are excited about the Pan-African ambition of CBG and believe that its membership of CWEIC will be beneficial to this worthy prospect.”
Mr. Gabby Otchere -Darko
GDP of CWEIC
Mr. John Obeng Apea, Head of Mission at CWEIC for Ghana, Gambia, Sierra Leone and Cameroon, disclosed the Gross Domestic Product of the Commonwealth Enterprise and Investment Council stretches over trillions of dollars.
“With the Commonwealth’s combined gross domestic product of approximately 13 trillion, the CBG under the aegis of its dynamic CEO is well positioned to become a leading financial player in Africa and the Commonwealth.”
Mr. John Obeng Apea
Meanwhile, accredited to the Commonwealth Secretariat and created by 54 Heads of Governments, the Commonwealth Enterprise and Investment Council is the primary Business and Trade organ of the Commonwealth of Nations. Its role is to use the convening power and trusted network of the Commonwealth, which is led by Her Majesty the Queen, to drive Trade and Investment.
CWEIC is the organiser of the Commonwealth Business Forum which takes place at the Commonwealth Heads of Government Meeting every 2 years and the Commonwealth Games Business Forum which takes place alongside the Commonwealth Games every 4 years.
CWEIC is headed by the Right Honourable the Lord Marland of Odstock, former UK Prime Minister’s Trade Envoy, Minister for Energy and Climate Change, Minister for Business, Innovation and Skills, and Treasurer of the Conservative Party.
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