The award is in recognition of the bank’s support to the oil and gas industry in terms of financing, corporate social responsibility (CSR) and local content contribution in 2019.
The Managing Director of the Republic Bank, Mr Farid Antar, praised the contribution of the Corporate Banking Department and other related departments involved in the oil and gas engagement within the bank.
According to the managing director, the award was a testament of the significant strides Republic Bank continued to make in positioning itself as the bank of choice for the Energy and Extractive Sector in Ghana.
“Over the last five years when Republic Bank took majority stake in this bank, we have been consistent in our support towards the energy and extractive sector.
This consistency is shown in our increased exposure to the industry and related accolades received over the last five years,” he said.
Mr Antar added that Republic Bank Ghana was also blessed with rich skills and expertise from its parent company, Republic Financial Holdings Limited, which had been a stronghold of Trinidad and Tobago’s oil and gas industry over the last 100 years.
In 2017, Republic Bank then HFC Bank was recognised as the Oil and Gas Financial Institution of the Year by the Offshore Ghana Magazine, Ghana’s leading Oil and Gas magazine.
In 2019, Republic Bank Ghana was also recognised by the Sekondi Takoradi Chamber of Commerce and Industry (STCCI) for the bank’s partnership and contribution towards the Extractive Sector.
The Ghana Oil and Gas Awards (GOGA) brings together players in the Oil and Gas Industry. The Awards recognises achievements from local and international companies involved in the Ghana Oil and Gas sector that have played a defining role in moving the industry forward.