OmniBSIC Bank PLC, a leading financial institution in Ghana, has announced its commitment to strengthening collaboration and partnership with China in order to enhance the seamless transaction of businesses and build socio-economic development between the two countries.
Daniel Asiedu, the Bank’s Managing Director underscored the importance of fostering closer ties with China, highlighting the potential for increased trade and investment opportunities that could be mutually beneficial for both countries. He noted that OmniBSIC Bank’s commitment to working closely with China aligns with the broader efforts of the Ghanaian government to strengthen bilateral ties and attract foreign investment.
“OmniBSIC Bank has a very firm association and roots with China. Our sister company, Zoomlion, is well known for its strategic partnerships in Ghana, Africa and China. We are therefore, excited to be given this recognition and platform by Ghana-China Friendship Association (GHACHIFA) to deepen our business association with China to promote the Socio-Economic development of our two nations.”
Daniel Asiedu
The MD noted that the commitment to collaboration and partnership with China is in line with OmniBSIC Bank’s strategic vision to expand its global reach and provide enhanced financial services to its customers. The bank aims to leverage China’s economic strength and expertise to facilitate smoother and more efficient trade and financial transactions.
“As a bank, we have a strategic objective, in the spirit of oneness, to establish strong and lasting mutually beneficial relationships with the Chinese Community in Ghana. In this regard, we have established a Chinese Representative Desk in the bank to help us bond with Chinese enterprises and cater to your unique banking needs.
“Furthermore, we have registered as a corporate member of GHACHIFA and intend to do more collaborations with the Chinese Community. I am here today with senior officials of OmniBSIC Bank who are eager to engage with you on how we can forge long-lasting and mutually beneficial business relationships.”
Daniel Asiedu
The Bank’s Commitment to Supporting the Growth and Development of Ghana’s Economy
Daniel Asiedu emphasized the bank’s commitment to supporting the growth and development of Ghana’s economy through its partnership with China. He expressed optimism that increased collaboration between the two countries would lead to the creation of new business opportunities and job prospects for the Ghanaian people.
On his part, Chairman of the Ghana-China Friendship Association (GHACHIFA), Anani Demuyakor said the treaty signifies a significant milestone in the relationship between Ghana and China, solidifying years of friendship and cooperation, and paving the way for further collaboration in various fields. “Our gathering here is truly a testament to the commitment of both nations towards strengthening bonds of trust, understanding, and mutual support. We have witnessed remarkable progress, marked by increased trade, investment, and cultural exchanges between our two great nations,” he said
Anani Demuyakor stressed that the commemoration of the 62nd treaty anniversary of signing the treaty opens new avenues for economic growth, technological advancements, and social development, which will undoubtedly bring about lasting benefits for the people of both countries. “The Ghana-China Friendship Association has played a vital role in fostering this friendship, by promoting dialogue, enhancing cultural understanding, and facilitating exchanges at various levels,” he added.
OmniBSIC Bank is a fully-fledged universal bank that traces its roots to a merger between the erstwhile OmniBank and Sahel Sahara Bank. The merger was spurned by the banking sector consolidation programme introduced by the Bank of Ghana (BOG) in 2017, through a number of directives including the increment of the minimum capital requirement for banks.
The union between the two banks is one of the most successful mergers in the financial services industry. It can be described as synergistic since both banks shared similarities in business models, values, and customer experience and were both committed to offering exceptional customer service in Ghana’s banking industry.
This milestone was achieved through the collaborative effort of shareholders, directors, management, and the staff who showed willingness to embrace change to become bigger and better in the Banking industry.
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