03
Aug
The Managing Director-GCB Bank PLC, Kofi Adomakoh, has announced that the bank is planning to raise GH¢1billion from the capital market to bolster its capital, following the approval of its shareholders. The move, he explains, is necessitated by the Domestic Debt Exchange Programme (DDEP) that eroded the state-owned lenders’ capital. Speaking during the bank’s 70th-anniversary launch in Accra, he emphasised that this capital injection will enable GCB to maintain its commitment to supporting indigenous businesses, aligning with its mandate and ensuring effective operations. “As we reflect on the challenges Ghana has encountered over the past 70 years, GCB Bank has…