CNBC Africa: Fuelling Industrial Growth and Development in West Africa
- annaklapper
- Sep 15
- 1 min read
Updated: Oct 8
Gas continues to drive industrial and economic transformation in Ghana and the West African region, with financial sector leaders such as Stanbic Bank CIB supporting these goals.
With Africa striving for sustainable economic growth, many local industries find themselves in transitional phases that not only encourage market expansion and transformation but also sustain operational industries during these changes.
Across West Africa, gas is recognized as a crucial component in meeting the energy needs of the region, and this has become particularly important in countries with large gas reserves like Ghana and Nigeria.
“We see gas as a long-term enabler of industrial growth,” explains Musah Abdallah, the Executive Head of Stanbic Bank Ghana’s Corporate and Investment Banking (CIB).