Accra, Sept. 9, GNA
– Mr Daniel Wilson Addo, the Managing Director of Consolidated Bank Ghana,
(CBG) has said the Bank has laid the foundation for a world class bank to erect
a structure, to be a monument for all time.
According to a
statement from CBG to the Ghana News Agency it was at a thanksgiving service
held to climax the first anniversary of the Bank.
CBG was formed to
take over the operations of five banks whose licences were withdrawn because of
The statement said
in record time, the Bank had stabilised its operations and integrated the staff
and banking applications of all its 114 branches.
It also posted its
first profit and significantly increased its visibility nationwide.
celebration, the statement said, was therefore to show appreciation to God for
the remarkable achievement and to also rally the Board, Management and Staff
for greater success.
In an inspiring
address, the Managing Director said the challenges the Bank faced and overcame
in its first year of operation were enormous but added that “suffice to say that at every stage, we were
motivated by the scale of the task ahead and a strong desire to justify the
confidence placed in us,” the statement said.
He thanked the Board for its guidance and the
Management and Staff for working together through the tough times.
Mr Addo explained
that the thanksgiving service was important because the successes were not just
by efficient planning and execution, but through an unshakable conviction that
the Lord would guide them through the pitfalls, the statement said.
the Board Chairman of CBG, according to the statement, said CBG evolved from
the back of the pack to become a force to reckon within the industry.
congratulated the CBG team and called on all to commit to building and leaving
a sustainable legacy for Ghana and generations to come.
disclosed that the service was officiated by the immediate past Presiding
Bishop of the Methodist Church Ghana, Most Reverend Titus Awotwi Pratt who
admonished the Management and Staff to go about their duties professionally.
He cautioned them
to note that their work was beyond reproach, hence, the need for them not to
repeat the mistakes that created the financial sector challenges.
service, which came off on Sunday, at Burma Camp in Accra, was also used to
honour over 20 staff of the bank with plaques, cash and souvenirs, the