{"id":1066632,"date":"2022-04-25T16:04:10","date_gmt":"2022-04-25T16:04:10","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/04\/25\/cbg-joins-dangote-and-standard-chartered-group-on-commonwealth-board\/"},"modified":"2022-04-25T16:04:10","modified_gmt":"2022-04-25T16:04:10","slug":"cbg-joins-dangote-and-standard-chartered-group-on-commonwealth-board","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/04\/25\/cbg-joins-dangote-and-standard-chartered-group-on-commonwealth-board\/","title":{"rendered":"CBG joins Dangote and Standard Chartered Group on Commonwealth Board"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"s6\"><span class=\"s5\"><span class=\"bumpedFont15\">C<\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\">onsolidated Bank of Ghana (CBG)<\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\">,<\/span><\/span> <span class=\"s5\"><span class=\"bumpedFont15\">the second-largest bank<\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\">\u00a0in<\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\"> Ghana by branch network<\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\"> has been accepted to join the Commonwealth Enterprise and Investment Council, a major Commonwealth organ created by <\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\">the <\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\">54 Commonwealth Heads of Government to promote Trade, Enterprise, and Investment<\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\"> within and<\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\"> across the Commonwealth of Nations.<\/span><\/span><\/p>\n<p class=\"s6\"><span class=\"s5\"><span class=\"bumpedFont15\">CBG joins the Commonwealth at a unique time as it prepares for the Commonwealth Heads of Government Summit in Rwanda in June 2022, and the Commonwealth Games in <\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\">Birmingham,<\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\"> in the United <\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\">Kingdom,<\/span><\/span> <span class=\"s5\"><span class=\"bumpedFont15\">in <\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\">July 2022.<\/span><\/span><\/p>\n<p class=\"s6\"><span class=\"s5\"><span class=\"bumpedFont15\">It joins an illustrious group of companies such as <\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\">Standard Chartered, <\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\">Afreximbank, Dangote group, City of London, De La Rue, Royal Mail, and Rolls-Royce, <\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\">whose CEOs will <\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\">now <\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\">sit alongside Mr. Daniel Addo, CEO <\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\">of CBG<\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\">, <\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\">on<\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\"> the Global Advisory Board.<\/span><\/span><\/p>\n<p class=\"s6\"><span class=\"s7\"><span class=\"bumpedFont15\">\u201cWe are very <\/span><\/span><span class=\"s7\"><span class=\"bumpedFont15\">delighted to welcome Consolidated Bank Ghana (CBG) as our newest Strategic Partner and to <\/span><\/span><span class=\"s7\"><span class=\"bumpedFont15\">appoint <\/span><\/span><span class=\"s7\"><span class=\"bumpedFont15\">Daniel Wilson Addo, Chief Executive Officer of CBG, to CWEIC\u2019s Global Advisory Council\u201d t<\/span><\/span><span class=\"s3\"><span class=\"bumpedFont15\">he Right Honourable Lord Marland of Odstock, Chairman <\/span><\/span><span class=\"s3\"><span class=\"bumpedFont15\">of CWEIC, said.<\/span><\/span><\/p>\n<p class=\"s6\"><span class=\"s7\"><span class=\"bumpedFont15\">With 114 branches across Ghana, CBG is the bank with the second-largest presence in Ghana. <\/span><\/span><\/p>\n<p class=\"s6\"><span class=\"s7\"><span class=\"bumpedFont15\">\u201cWe are excited about the Pan \u2013 African ambition of CBG and believe that its membership in CWEIC will be beneficial to this worthy prospect\u201d <\/span><\/span><span class=\"s3\"><span class=\"bumpedFont15\">Mr. Gabby Otchere -Darko, Chair of the Advisory Board, CWEIC Ghana, said.<\/span><\/span><\/p>\n<p class=\"s6\"><span class=\"s7\"><span class=\"bumpedFont15\">\u201cWith the Commonwealth\u2019s combined gross domestic product of approximately 13 trillion, the CBG under the aegis of its dynamic CEO is well-positioned to become a leading financial player in Africa and the Commonwealth,\u201d said <\/span><\/span><span class=\"s3\"><span class=\"bumpedFont15\">Mr. John Obeng Apea, Head of Mission, CWEIC Ghana, Gambia, Sierra Leone, and Cameroon<\/span><\/span><\/p>\n<p class=\"s6\"><strong><span class=\"s3\"><span class=\"bumpedFont15\">About Consolidated Bank of Ghana<\/span><\/span><\/strong><\/p>\n<p class=\"s2\"><span class=\"s5\"><span class=\"bumpedFont15\">CBG is an indigenous bank wholly owned by the Government of Ghana. It is currently the second-largest in Ghana by branch network and has a staff strength of over 2,300<\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\">. The Bank is poised to become the leading SME Bank in <\/span><\/span><span class=\"s5\"><span class=\"bumpedFont15\">Ghana and ultimately the West African Sub-Region, leveraging technology to grow market share and presence.<\/span><\/span><\/p>\n<p class=\"s2\"><span class=\"s5\"><span class=\"bumpedFont15\">The Bank is segmented into three main lines of business, namely:\u00a0 Wholesale Banking, Retail &#038; Business Banking, and Global Markets, all underpinned by a suite of robust digital offerings and technology platforms.<\/span><\/span><\/p>\n<p class=\"s2\"><span class=\"s5\"><span class=\"bumpedFont15\">The Bank is also able to support Trade (cross-border) transactions in Africa, Europe, Asia, and the Americas by virtue of existing correspondent banking relationships.<\/span><\/span><\/p>\n<p class=\"s2\"><span class=\"s5\"><span class=\"bumpedFont15\">CBG is headed by Mr. Daniel Addo.<\/span><\/span><\/p>\n<p class=\"s6\"><strong><span class=\"s3\"><span class=\"bumpedFont15\">About the Commonwealth Enterprise and Investment Council<\/span><\/span><span class=\"s3\"><span class=\"bumpedFont15\"> (CWEIC)<\/span><\/span><\/strong><\/p>\n<p class=\"s6\"><span class=\"s5\"><span class=\"bumpedFont15\">Accredited to the Commonwealth Secretariat and created by 54 Heads of Government, The Commonwealth Enterprise and Investment Council is the primary Business and Trade organ of the Commonwealth of Nations. <\/span><\/span><\/p>\n<p class=\"s6\"><span class=\"s5\"><span class=\"bumpedFont15\">Its role is to use the convening power and trusted network of the Commonwealth, which is led by Her Majesty The Queen, to drive Trade and Investment. CWEIC is the organiser of the Commonwealth Business Forum which takes place at the Commonwealth Heads of Government Meeting every 2 years and the Commonwealth Games Business Forum which takes place alongside the Commonwealth Games every 4 years. <\/span><\/span><\/p>\n<p class=\"s2\"><span class=\"s5\"><span class=\"bumpedFont15\">CWEIC is headed by The Right Honourable the Lord Marland of Odstock, former UK Prime Minister\u2019s Trade Envoy, Minister for Energy and Climate Change, Minister for Business, Innovation and Skills, and Treasurer of the Conservative Party.<\/span><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Consolidated Bank of Ghana (CBG), the second-largest bank\u00a0in Ghana by branch network has been accepted to join the Commonwealth Enterprise and Investment Council, a major Commonwealth organ created by the 54 Commonwealth Heads of Government to promote Trade, Enterprise, and Investment within and across the Commonwealth of Nations. CBG joins the Commonwealth at a unique [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1066634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[1569,8821,6226,1918,1712,516,658,4866],"class_list":["post-1066632","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-board","tag-cbg","tag-chartered","tag-commonwealth","tag-dangote","tag-group","tag-joins","tag-standard"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1066632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1066632"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1066632\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1066632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1066632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1066632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}