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The history of the Bank can be traced to the end of the Second World War (WWII). Agitations from the indigenes against foreign imports led to a general boycott by the local population led by the Association of West African Merchants (AWAM).
The colonial administration decided to establish an entity that would facilitate the involvement of private indigenous persons in business. The Gold Coast Industrial Development Corporation (GCIDC) was therefore established in 1952.
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