GCB Bank supports Big Push agenda with financing for Timeline and Innovations
GCB Bank PLC has reinforced its support for Ghana’s infrastructure development drive by financing and officially handing over more than 200 heavy-duty machines and equipment to Timeline and Innovations Company Ltd under the government’s Big Push programme.
The ceremony, held in Accra, highlighted the growing partnership between the two institutions and the importance of local financing in driving large-scale infrastructure projects across the country.
The equipment handed over included excavators, bulldozers, tractors, graders, rollers, water tankers, tipper trucks, wheel loaders, flatbeds, service trucks and other support vehicles aimed at boosting construction capacity nationwide.
Managing Director of GCB Bank, Farihan Alhassan, said the transaction reflects the Bank’s commitment to supporting Ghana’s development agenda through strategic financing of indigenous businesses.
According to him, GCB’s approach goes beyond conventional banking, focusing on empowering local companies capable of delivering transformative national projects.
He disclosed that the Bank has committed nearly GH¢5 billion toward the Big Push initiative and broader infrastructure development efforts, with Timeline emerging as one of its major strategic partners.
Board Chairman of GCB Bank, Joshua Alabi, said the collaboration demonstrates how targeted financial support can stimulate economic growth through local enterprise development.
He noted that investments in infrastructure not only improve roads and public facilities but also generate employment opportunities, build local expertise and support economic activity within communities.
Prof. Alabi further indicated that GCB currently finances about 60 percent of contractors involved in the Big Push programme and praised the government for prioritising local contractors in key national projects.
Chairman of Timeline, Inusah Ousman, described the acquisition as a major milestone for the company, stating that the expanded fleet would significantly enhance its operational capacity.
He said the investment positions Timeline to undertake larger and more complex infrastructure projects across Ghana while improving efficiency and project delivery.
Mr Ousman also revealed that the acquisition is expected to create more than 800 immediate jobs, with the company targeting over 10,000 employment opportunities by the end of the year through increased project activity.
According to him, the company plans to implement a 24-hour operational system involving more than 1,000 trained drivers and machine operators to speed up project execution nationwide.
Deputy Minister for Roads and Highways, Alhassan Sayibu Suhuyini, commended the partnership between GCB and Timeline, describing it as a strong example of collaboration between financial institutions and the private sector in support of government infrastructure goals.
He stressed that such partnerships are essential in equipping local contractors with the resources needed to execute quality projects on schedule while creating sustainable jobs for Ghanaians.
The investment is expected to strengthen Timeline’s position as a leading infrastructure company in Ghana and support its ambition of expanding into the West African market. It is also anticipated to improve operational efficiency, enhance safety standards and contribute to Ghana’s long-term economic transformation.
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