UBA pledges to assist road contractors in Ghana

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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