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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.


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