GCB has financed the purchase of over 30 duty vehicles for the carting of cocoa from the hinterlands to the ports. The vehicles include 30 Howo light duty and 10 heavy duty trucks as well as tractors with trailers for unmotorable roads.
At a short ceremony to hand over the trucks to Royal Commodities Limited, a Ghanaian Licensed Buying Company (LBC) at Tema, the Acting Head of Corporate Banking Department of GCB Bank, Nana Antwi Boasiako said GCB Bank is committed to supporting indigenous banks to thrive.
Managing Director of Royal Commodities AlhajiRazak Adamu, who received the vehicles on behalf of the company said GCB has been at the forefront , financing about 95 per cent of the company’s business. He pledged the companies commitment to put the vehicles to good use.
The Deputy Chief Executive of the Ghana Cocobod, Emmanuel Opuku, who witnessed the ceremony commended the Management of GCB and Royal Commodities for the cordial business relation which has resulted in the purchase of new trucks for the cocoa sector.
He lauded the partnership between Cocobod and the company saying Cocobod is interested in supporting domestic LBCs to compete and grow in the industry.