Stanbic wins financial deal of the year


Stanbic Bank Ghana, a member of the Standard Bank Group – Africa’s largest bank by assets, has been awarded the Financial Deal of the Year Award at the 9th edition of the Ghana Mining and Industry Awards (GMIA), held at the Movenpick Ambassador Hotel, Accra.

The award celebrates a financial transaction between a local financial institution and a producing mining company or a contract miner that is breaking new ground and supporting the sustainability of mining operations. A corporate facility to Golden Star Wassa Limited earned the bank this recognition.

Lorraine Mac-Pods, Head of Mining and Metals at Stanbic Bank Ghana, who received the award on behalf of the bank, said: “At Stanbic Bank, we believe in providing excellence in every aspect of our business. Ghana is our home and we drive her growth. Therefore, as a bank, we are concerned with providing support to the mining sector, which is a crucial area for national growth through the Mining and Metals Department. This award is proof of our dedication to setting new standards for innovation, resilience and strategic brilliance. We have also worked tirelessly to set a new standard and demonstrated a level of financial ingenuity that has not only shaped the destiny of their respective companies, but has sent growth signals through the entire mining sector”.

She added: “I am grateful to the Ghana Mining Sector for this recognition. Congratulations to the entire team of committed men and women who have contributed to making this possible through their tireless efforts. We, at the Mining and Metals Department of Stanbic Bank, pledge to continue to work hard to ensure that we continue to spur growth in the mining sector”.

The Ghana Mining Industry Awards forms part of the Ghana Chamber of Mines’ mining conference and exhibition, the Mining Summit, which is held to forge partnerships with counterparts from other parts of the world. It also helps to reposition Ghana as the gateway for mining investment and business opportunities in West Africa and to connect mining companies with investors, suppliers and government officials to explore the vast mining and development opportunities.

Stanbic Bank Ghana is a bank licensed by the Bank of Ghana and the Securities and Exchange Commission (SEC) to operate as a financial service provider. Over the years, Stanbic Bank has supported the mining sector to help it thrive and grow to accelerate the socio-economic development of the country by allocating more than US$800million to support mining companies to procure machinery and equipment for their production process.

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