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The history of the Bank can be traced to the end of the Second World War. Agitations from the indigenes against foreign imports led to a general boycott by the local population led by 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 with budgetary appropriations to enable it provide financial support to the indigenes for the establishment of their own businesses. The Gold Coast Industrial Development Corporation (GCIDC), encouraged entrepreneurship among the indigenes in the areas of furniture making and baking. This intervention helped to develop the skills of the local carpenters and bakers in the use of mechanized saw mills and electric bakeries. In addition GCIDC also upgraded the skills of people who were using manual labour in washing to mechanized lau

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