Consolidated Bank Ghana LTD (CBG), in a strategic partnership as a joint lead arranger, has applauded Kasapreko Co. Plc—an indigenous beverage manufacturer—for its ambitious growth strategy following the official listing of the Series 1 GHS 600 million Note Programme on the Ghana Fixed Income Market (GFIM).

The capital raised will support Kasapreko’s working capital needs, finance key capital expenditures including production expansion, and refinance short-term debts to strengthen the company’s long-term financial sustainability.

Speaking at a media briefing in Accra, the Managing Director of CBG, Mr. Daniel Wilson Addo, highlighted the significance of the transaction, describing it as the first instance where an indigenous Ghanaian bank has partnered with a major local manufacturer to raise substantial funding from local pension funds through the public market. He emphasized that the move reflects a renewed effort to create strong partnerships within Ghana’s private sector to address financing challenges with innovative solutions.

According to Mr. Addo, the Note Programme was issued at a cost significantly lower than the Ghana Reference Rate (GRR), offering major relief to Kasapreko’s operational costs. He also underscored the importance of addressing the unique risks faced by Small and Medium-sized Enterprises (SMEs) and encouraged the financial industry to design responsive structures that meet evolving market needs.

He remarked, “This transaction is a testament to our overriding ambition to make an impact in the communities in which we operate. We stand with you in good times or in bad times.” He stated that the partnership with Kasapreko demonstrates the long-term economic impact of the Bank’s lending philosophy.

The Managing Director of Kasapreko, Mr. Richard Adjei, expressed appreciation to CBG for enabling the company to access alternative funding sources beyond traditional banking. He described the capital infusion as a sustainable and cost-effective avenue for business expansion. With the fresh capital, Kasapreko aims to increase its production capacity and enhance its participation in the African Continental Free Trade Area (AfCFTA), having already exported to Kenya and South Africa.

In attendance at the ceremony were senior officials of CBG, including the Deputy Managing Director of Operations and Technology, Mr. Thairu Ndungu; Deputy Managing Director of Corporate Resources, Madam Nana Ama Poku; and the Director of Finance and Strategy, Mr. Charles Appiah, among other executives.

Kasapreko Co. Plc was represented by its Deputy Managing Director, Mr. Gregg Pitt; Finance Director, Mr. Humphrey Hessel-Appiah; Commercial Director, Mr. Gerald Bonsu; and Board Member, Mr. Isaac Adjei.

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. With strong government backing and a solid SME client base, the Bank continues to deliver impactful financial solutions across Ghana.