Accra: Ghana's number one bank, GCB Bank PLC, has reaffirmed its commitment to the country's infrastructure transformation agenda by financing and officially handing over over 200 heavy-duty machines and equipment to Timeline and Innovations Company Ltd. This move supports the government's Big Push programme.
According to Ghana Web, the handing over ceremony in Accra marked a significant milestone in the partnership between GCB Bank and Timeline and underscored the role of indigenous financing in accelerating national infrastructure delivery. The fleet supplied includes tipper trucks, excavators, bulldozers, tractors, graders, rollers, water tankers, wheel loaders, flatbeds, service trucks, and support vehicles.
Speaking at the event, Farihan Alhassan, Managing Director of GCB Bank, described the transaction as a clear demonstration of the Bank's commitment to Ghana's development priorities. He emphasized that GCB's support extends beyond traditional financing, focusing on empowering local enterprises to undertake transformative projects. Alhassan stated that the Bank has committed close to GHS 5 billion toward the Big Push agenda and national infrastructure development, with Timeline as a key strategic partner.
Joshua Alabi, Board Chairman of GCB Bank, highlighted the partnership's potential to create lasting economic impact through local enterprise growth. He noted that such investments go beyond roads and bridges, creating jobs, strengthening local expertise, and stimulating communities. Alabi indicated that GCB currently supports about 60 percent of contractors participating in the Big Push initiative, commending the government for prioritizing local contractors in critical infrastructure projects.
On behalf of Timeline, Chairman Inusah Ousman described the investment as a turning point in the company's growth. He stated that the expanded fleet will significantly increase Timeline's operational capacity and enable the company to undertake larger and more complex infrastructure projects across the country. Ousman disclosed that the acquisition will create more than 800 jobs immediately, with a target of over 10,000 employment opportunities by the end of the year through expanded project activity.
Deputy Minister for Roads and Highways, Alhassan SayibuSuhuyini, praised the collaboration between GCB and Timeline, describing it as a practical example of how financial institutions and private sector players can support the government's infrastructure agenda. He emphasized that such partnerships ensure local contractors have the capacity to deliver quality projects on time while creating jobs for Ghanaians.
The commissioning reinforces Timeline's ambition to become one of Ghana's leading infrastructure firms and a future regional player in West Africa. The investment is expected to strengthen project delivery, improve safety standards, modernize operations, and contribute significantly to Ghana's long-term economic transformation. GCB Bank PLC, Ghana's premier indigenous bank, continues to be a cornerstone of the country's financial system, supporting economic growth, financial inclusion, and enterprise development.