Consolidated Bank Ghana LTD (CBG) has been commended by the State Interests and Governance Authority (SIGA) for its strong compliance record and consistent delivery of positive financial returns.

Ag. Director-General of SIGA, Mr. John Boadu, made this remark during a courtesy and familiarization visit to CBG to engage with key state agencies under SIGA’s oversight.

Mr. Boadu reaffirmed SIGA’s commitment to supporting CBG in strengthening profit maximization and enhancing operational efficiency. He stated that SIGA is fully prepared to collaborate with CBG in advancing its growth and long-term sustainability as a major indigenous financial institution.

He further encouraged CBG to amplify its success stories to the Ghanaian public, highlighting the Bank’s significant contributions toward national development and economic resilience.

Managing Director of CBG, Mr. Daniel Addo, expressed gratitude for the visit and underscored the importance of strong collaboration between regulatory bodies and state institutions. He emphasized that such engagements help identify emerging issues early and promote effective cooperation built on transparency and mutual support.

Mr. Boadu’s visit forms part of SIGA’s broader agenda to foster closer relationships with State-Owned Enterprises (SOEs) and other institutions to ensure alignment with national policy objectives and improve governance outcomes.

Also present during the courtesy call were the Deputy Managing Director of Operations at CBG, Mr. Thairu Ndungu, and the Deputy Managing Director of Corporate Resources, Madam Nana Ama Poku, alongside executives from SIGA, including Madam Alexandra Totoe, Ag. General Manager, Finance & Administration, and Ms. Louisa Aubin, Manager, Corporate Affairs.

SIGA was established to strengthen performance management among State-Owned Enterprises (SOEs) and other prescribed bodies to ensure efficient, effective, and profitable operations in support of Ghana’s socio-economic development.

Consolidated Bank Ghana LTD (CBG) is wholly owned by the Government of Ghana and operates as a universal bank with 114 branches in 13 regions of Ghana. The Bank continues to receive strong government backing and serves a wide SME and retail clientele across the nation.