Washington D.C July 2023 – Consolidated Bank Ghana LTD (CBG) joins the SME Finance Forum as the newest member of our global membership network. Our members are SME financing experts from 80+ countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation.
“Since 2016, we’ve been implementing our mission to build a global membership to support better SME financing, and since then, we’ve established a network with over 240 active member institutions, which operate in over 190 countries sharing the common purpose of helping under-served enterprises. We are delighted to welcome CBG and their expert knowledge of SME banking, credit lending, and risk management,” said Matthew Gamser, CEO of the SME Finance Forum.
Consolidated Bank Ghana LTD (CBG) is an Indigenous Ghanaian Universal Bank licensed by the Bank of Ghana under the Specialized Deposit–Taking Institutions Act, 2016 (Act 930). The Bank started operations on August 1, 2018. With its Corporate Head Office located in Accra, the Bank has 114 branches across 13 regions in Ghana.
“By becoming a member of the SME Finance Forum, CBG looks forward to learning about the current trends in MSME financing, as well as leveraging on our connections through the SME Finance Forum to ultimately lend to more SMEs,” says Mr. Daniel Wilson Addo, Managing Director, CBG.
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative. The Forum operates a global membership network of +240 members that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation and promote the growth of SMEs.
Discover the SME Finance Forum members:
Consolidated Bank Ghana Limited (CBG) is an Indigenous Ghanaian Universal Bank licensed by the Bank of Ghana. It was formed in 2018 when seven banks were merged to form one national bank, creating the second-largest financial institution in terms of branch network, with 114 branches nationwide.
To learn more, visit https://www.cbg.com.gh/