[ 2016-11-22 ]

UBA pledges to assist road contractors in Ghana
UBA Ghana Ltd recently held an interactive
workshop with members of the Progressive Road
Contractors Association (PROCA) and the
Association of Road Contractors (ASROC) at the
Miklin Hotel in Accra.

The meeting was the first of its kind to bring
both sides of the contractors association together
that looked at improving their chances of
accessing facilities with a financial institution
with the clout of UBA.

Recall that UBA not only operates under the
capacity of being nationwide in Ghana but also by
being present in West and Central Africa,
Anglophone, Eastern and Southern as well as
Francophone and Lusophone locations all around
Africa.

In their goodwill speeches, the Joint Associations
in the persons of Mr. John Afful National Vice
Chairman of the Association of Road Contractors of
Ghana and Madam Joanna Adjei of the Progressive
Road Contractors Association of Ghana both spoke
of the need to work on a tripartite agreement
between the Government of Ghana’s Road Fund
program, financial Institutions as well as the
associations so as to streamline repayments,
bid-bonds and advance payment guarantees in favor
or the contractors.

Speaking at the gathering, the MD of UBA Ghana,
Mrs. Abiola Bawuah expressed the bank’s
readiness to partner the contractors in the areas
of funding and advisory services.

“Ordinarily, we should be concentrating on the
core of this relationship which is funding your
projects. Nonetheless, as an organization that
looks beyond funding and thrives on building
relationship, we feel obliged to provide advisory
services when needed to improve the ability and
capacity of local contractors to take on bigger
and more strategic contracts in and around
Ghana.”

She also expressed her desire to work with them if
they were to approach the Government to work out
credible repayment plans which should not cripple
contractors and render them unable to repay
advances offered.

UBA took the opportunity to thank all Road
Contractors of Ghana for attending and to wish
them well with safety and security at the start of
the End of Year festivities by introducing its
on-going promotion called UBA AWOOF that enables
them to win cash, prizes and a 3-bedroom house in
its grand draw next year.

Source - UBA

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