Africa’s largest bank comes to the WestPark in Takoradi

Stanbic Bank Ghana is delighted to announce its tenancy at the WestPark in Takoradi. Stanbic, a member of the Standard Bank Group – Africa’s largest bank by assets – will offer the full range of corporate, business and personal banking solutions to tenants and their employees at the WestPark and to others in the Western and Central regions. These solutions include transactional accounts in local and foreign currencies, corporate and personal loans, trade finance, payment solutions and foreign exchange management. The new branch is scheduled to open mid-2019.

Alhassan Andani, Stanbic’s Chief Executive, observed that: “the Western Region is seeing tremendous growth, not just in the oil and gas, mining and power sectors, but also in agricultural processing and manufacturing. WestPark will help accelerate this growth by building a modern platform for businesses to efficiently operate, manufacture and distribute goods in West Africa. At Stanbic, we look forward to offering our services and solutions to companies in this dynamic region and to being a reliable partner as they expand and capture new markets”.

Ghana’s Western Region is rich in gold, bauxite, manganese, cocoa, citrus fruits, shea nuts, coconut, oil palm and fisheries.  It is home to the country’s growing oil & gas sector, its largest concentration of thermal power generation, an expanding natural gas supply and Ghana’s main export port. Traffic at the Port of Takoradi grew by 33% last year to 8 million tons. With competitive gas, power and water supply, a large workforce connected by new urban transport systems, special tax incentives for manufacturers and strong links to regional markets, the Western Region offers companies opportunity to lower costs and expand production.

The WestPark is a 405-acre commercial, industrial and residential development in a strategic location. The mixed-use development eliminates challenges – including access to reliable power, water, transport and telecommunications – that often confront companies in Sub-Saharan Africa and provides modern and reliable infrastructure to its tenants. The WestPark offers custom-built warehouses, factories, offices, and retail space to its tenants in conjunction with business development services that ease their entry into one of the world’s fastest-growing markets.

The WestPark is one of several developments by BlackIvy, an American company building and growing enterprises in East and West Africa.