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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