Republic Bank reiterates its commitment to the cocoa industry
General Manager at the Risk Management Division of Republic Bank Ghana, Bernard Gyebi, has reiterated the bank’s commitment to the cocoa business and other commercial agricultural products in the country.
Speaking at the 2nd African Cocoa and Chocolate Expo held by the Know Your Cocoa Foundation (KYC) in partnership with the Ghana Export Promotion Authority, Mr Gyebi noted the Republic Bank has made significant contributions to the cocoa industry over the past decades.
According to him, Republic Bank is the only universal Bank with a high banking presence in cocoa growing areas within the Western areas of Ghana.
The Bank has branches in cocoa-growing areas such as Asankragua, Goaso, Sefwi-Bekwai, Sefwi-Wiawso, Akontombra, Juaboso, Asempaneye and others.
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“Operating fully networked branches across the length and breadth of the country comes with its own challenges. However, we understand the value of cocoa to Ghana’s economy and we are happy to be the financial partner of choice for our cocoa farmers” Mr Gyebi stated.
In 2017, the Bank had its first and highly successful Cocoa Summit in Kumasi which saw various stakeholders in the cocoa value chain coming together to discuss the cocoa business as well as its financing in Ghana. Republic Bank has since maintained the business engagement within the cocoa value chain.
The African Cocoa and Chocolate Expo (ACCE) is organized annually to recognize the urgent need to promote the value of cocoa leading to its increased consumption.
The aim of the event was to showcase innovations and achievements within the cocoa industry whilst bringing ‘Cocoapreneurs’, – coco enthusiasts and the general public together for networking as well as engaging in thought-provoking discussions on cocoa farming while bonding with nature.
