GCB Ignites Hope With GHS 3 Million Loan Disbursement to 200 Market Fire Victims
GCB has disbursed GHS 3 million in loans to over 200 traders who fell victim to fires that razed down the Kantamanto and Techiman Markets in the early days of the month.
The loan disbursement is in fulfillment of the Bank’s promise to come to the aid of its affected customers.
The loan offers affected customers a nine-month flexible repayment plan with a three-month moratorium.
According to the Bank, the loan offered to the affected customers comes at a highly subsidized cost with the interest rate discounted by 40%.
Speaking to norvanreports following the bank’s interaction with affected customers on Thursday, January 30, 2025, Sina Kamagate, Executive Head of Retail Banking at GCB Bank remarked, “Our thoughts and deepest sympathies are with all those affected by this tragic incident. As a Bank that stands firmly with our community in times of need, we are offering this tailored loan package to provide immediate financial support. We understand the immense challenges you are facing, and it is our hope that this initiative will help you rebuild your lives, restore your businesses, and regain stability.
“Together, with resilience and determination, we can overcome this adversity and move forward toward a stronger and brighter future. For us at GCB Bank, initiatives like these give true meaning to our brand promise; your bank for life,” he added.
GCB Bank PLC is a leading player in Ghana’s banking industry, with 184 branches, 340 ATMs and a host of banking agents spread across the length and breadth of the country.
As Ghana’s premier indigenous bank, GCB Bank has, since its establishment in 1953, been described as a systemic bank with significant contributions to Ghana’s growth in multiple sectors including oil and gas, agriculture, commerce and others.
The Bank has transformed itself into one of Ghana’s most modern banks in terms of its financial intermediation capabilities including digital payment platforms and consequently strengthened its corporate reputation both at home and abroad.
