Skip to main content

Best bank with interest rate on savings/deposit to be awarded


By: Fred Yaw Sarpong

The Corporate Initiative Ghana (CIG), a not-for-profit entity and the organizers of the Ghana Banking Awards will be awarding the best bank with interest rate on savings and deposit accounts in the country at this year’s banking awards.

According to the organizers, for the first time in the 15-year history of the Ghana Banking Awards, they are introducing a category to recognize the bank with the best interest rate on savings/deposit accounts.

The CIG said this initiative is to encourage the banks to offer best products to their customers. Nana Otuo Acheampong, the Chairman of the Awards Planning Board announced this at the launch of the 15th Ghana Banking Awards in Accra.

He stated that they will also recognize five personalities for their invaluable contributions to the development and advancement of the banking industry in Ghana.

This year’s banking awards is under theme: “Fifteen years of Ghana Banking Awards: Enriching a healthy competitive landscape in the drive for customer relevance in banking’.

Nana Otuo Acheampong said the Ghana Banking Awards presently concentrates on the Universal Banks sub-sector. “The time frame for the Awards covers all universal banks with published financial statements for the year ended 31st December 2015,” he added.

The Ghana Banking Awards which aim at identifying and rewarding excellence in the universal banking sector of the industry will be recognizing industry players in 15 categories and two additional awards exclusively given by the Ghana Interbank Payment and Settlement Systems (GHiPSS):

He stated that the process for the awards is scrutinized and agreed upon by the Technical Committee which consists of representatives of the banks.

The awards categories are Customer Care, Advisory Services, Trade Finance, Trade Deal of the Year, Long Term Loan Finance, Savings/Deposit Account, Retail Banking and Corporate Banking.

The rest are Agriculture, Forestry and Fishing, Product Innovation, Competitive Pricing (the spread), Corporate Social Responsibility, Financial Performance, Bank Growth and Bank of the Year together with the Most Active E-zwich Bank and  the bank that Promotes Cashless Transactions sponsored by GHiPSS.

The Awards night will take place at the Kempinski Hotel Gold Coast City Accra on Saturday 27th August 2016.


Comments

Popular posts from this blog

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…

Graphic Communication Group staffs petition GJA Election Dispute Adjudication Committee

Some staffs of the Graphic Communications Group have petition the Election Dispute Adjudication Committee of the Ghana Journalists Association (GJA) concerning their grievances covering issues affecting the association.
The staffs of the company seeks some clarification on the mandate of the current executives of the association.

BELOW IS THE FULL STATEMENT (Not edited)
Dear Sir,
DISPUTE ABOUT THE MANDATE OF THE EXECUTIVES OF THE GHANA JOURNALISTS ASSOCIATION AND THE LEGALITY OF THE GJA ELECTIONS OF 2017
We the undersigned write to place before you our grievances covering issues affecting the Ghana Journalist Association, and we hasten to add that our grievances are placed before you in furtherance of our constitutional duty under Article 11 (e) of the 2004 Constitution of the Ghana Journalists Association.
We first of all seek clarification on the mandate of the current executives of the Association to be in office and take decisions to affect the wellbeing and welfare of the Associ…