GCB Bank PLC has introduced a dedicated loan support scheme for its Micro and Small Enterprise (MSE) clients whose businesses were destroyed in the recent fires at the Kantamanto and Techiman markets. More than 100 affected customers are expected to benefit from this initiative, which aims to help them rebuild and recover from the losses.
As part of its commitment to supporting customers through this unexpected crisis, the Bank is offering flexible repayment terms, a three-month moratorium, and an insurance component under the GCB Value Added Package (VAP).
The VAP is an insurance product designed specifically for MSEs, providing protection against incidents such as fires and burglaries. While the loan support is currently being offered to victims of the Kantamanto fire, GCB Bank plans to extend the same assistance to affected customers in Techiman in the coming weeks.
During an engagement with a group of Kantamanto fire victims on Thursday, January 30, Sina Kamagate, Executive Head of Retail Banking, speaking on behalf of Managing Director Farihan Alhassan, reiterated the Bank’s concern for the affected traders and its commitment to helping them restore their businesses.
He emphasized the Bank’s resolve to stand firmly with its customers during this difficult period and expressed confidence that they would use the financial assistance to rebuild stronger operations.
“Our heartfelt sympathies go out to everyone impacted by this tragic event. As a bank that stands with its community in times of hardship, we are providing this tailored loan facility to offer immediate financial relief. We understand the significant challenges you are facing, and we hope this support will help you rebuild, regain stability, and move forward with renewed strength. Initiatives like this reflect the true meaning of our brand promise: your bank for life,” he said.
This intervention follows a commitment made by GCB Bank when senior officials, including the Executive Head of Retail Banking, visited the Kantamanto Market the morning after the fire. During that visit, the Bank assured support for its customers who had subscribed to the VAP insurance package.
