Skip to main content

UT bank launches the “100 for 100” promo



By: Fred Yaw Sarpong (Daily Express)

UT bank has launched a new and exciting promotion called the “100 for 100” promotion, aimed at educating the public on how save and at the same time reward Ghanaians for taken in the promotion.

It also offers the bank the opportunity to increase awareness about the various kind of services they are offering to the public.

The “100 for 100” promotion which started on the 5th of September, 2014 will end in December, 2014. However, the grand draw will takes place in January, 2015.

The promotion allows both existing and new customers of the bank to deposit GHc100 or multiply it by GHc100 daily, weekly or monthly into their personal current, personal savings, or Koowa accounts.

With every Ghc100 deposited, the customers will earn points which qualify them for a grand draw. They will also be able to win other prizes such as refrigerators, microwave ovens, mobile phones, television sets and among others.

Apart from the other prizes to be won, the first winner will go home with GHc100,000 cash, GHc30,000 for the second winner while the third prize winner will be presented with GHc10,000 cash.

Launching the promo in Accra, the Deputy Managing Director of UT Bank, Mrs. Pearl Esua-Mensah said in Ghana there are about 70% of Ghanaians who are unbanked, and it is the objective of the bank to get majority of these people to bank.

“The “100 for 100” promotion is flexible as compared to other promotions currently going on in the industry,” she added.

Mrs. Esua-Mensah said they decided to offer the top three winners with cash, so that after the grand draw they will get money to spend in Christmas.

Mr. Ekow Inkoom, Head of Business Division at the National Lottery Authority (NLA) said the NLA Act 722 mandated the authority as the only agency in the country to conduct lottery.

He indicated that the “100 for 100” promo is the 7th promotion NLA has supervise this year with corporate bodies.

“NLA will make sure that the promotion reflect the requirement of the authority and also make sure that is it free and fair,” Mr. Inkoom added.

Comments

Popular posts from this blog

Akuapem-Apirede to promote tourism

By: Fred Yaw Sarpong sarpong007@gmaail.com
The Chiefs and people of Akuapem-Apirede in the Okere Constituency of the Akuapem North Municipality have put in place strategic plans to promote tourist sites in the town.
Apiredehene, Nana Saforo Okoampah III told the Daily Express that their vision is to develop Apirede in a modern way.
“We want to have a modern society and environment. We are doing this on the basis of promoting tourism here,” he added.
According to the Apiredehene, it’s their plan to promote the historic sites and the geographical location of the community.
Apirede is one of the 17 towns that forms the Akuapem State and historically, it used to house the armours of the Akuapem State. The community is part of the Nifa division of Akuapem.
He stated that one of those things was called ‘Odosu’ (the war god for Okuapemhene). “The Chief Executioner in those days for Akuapem also came from Apirede and items that he used were also kept here,” he stated.
“These are a lot of things …

PIAC told to go to court to enforce recommendations

By: Fred Yaw Sarpong
sarpong007@gmail.com

The Public Interest and Accountability Committee (PIAC), the mandated body to monitor the use of Ghana’s oil revenues has been asked to go to court to seek strict compliance of the laws covering accountability of oil funds in the country.

According to Dr. Steve Manteaw, the Campaign Coordinator for ISODEC and a member of the PIAC , it’s time for PIAC as a body to consider going to court to compel institutions responsible for managing Ghana’s oil revenue to answers some questions concerning the expenditure of oil funds.

He pointed out that there are several recommendations made by the PIAC in its past reports on management of petroleum revenues, and a lot of these recommendations has received no positive response from the institutions concerned.

He disclosed this to the Daily Express at a three-day workshop on Interrogating the 2016 Semi Annual PIAC Report at Koforidua in the Eastern Region.

The workshop was organized by the Institute of Financ…

BoG shuts down two financial institutions

The Bank of Ghana has closed down two financial institutions in the country. This was after the central bank investigation revealed that the two companies were operating without approval.

The two companies were Agro Development Fund Services Limited (ADFSL) and Hebron Financial Investment Limited (HFIL).

The Daily Express gathered that the ADFSL was asked to stop operating after the central bank realized the institution had not been licensed to take deposit from the public.

A statement from BoG said the ADFSL continued to operate despite the orders from the Bank of Ghana. It however closed down ADFSL’s operation until further notice.

The Bank of Ghana said that the ADFSL is located at Asufufu, opposite the Sunyani Traditional Council in the Brong Ahafo region.

“The decision to close down ADFSL is in furtherance of section 20(2) (g) of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930). Bank of Ghana has investigated ADFSL thoroughly and has concluded that its a…