Access Bank to begin operations in Ghana
Accra, Aug. 5, GNA – Access Bank Plc, one of Africa’s
pre-eminent financial institutions, is set to formally begin
operations in Ghana later this month to provide innovative
and customer-centric banking services.
This follows the approval granted it by the Bank of Ghana
last May after it had fulfilled all requirements to
establish a full-fledged banking subsidiary in Ghana making
it the 26th financial institution in the country.
With a stated capital base of GH¢80 million, far in excess
of the GH¢60 million requirement by the Bank of Ghana,
Access Bank (Ghana) becomes the eighth subsidiary of the
Access Bank Group on the African continent and is present
across all monetary zones in sub-Saharan Africa including a
full banking subsidiary in the United Kingdom.
At an interaction with journalists in Accra on Tuesday, Mr
Daniel Kwasi Akaba, Country Managing Director of Access Bank
(Ghana), said the bank had assembled a team of professionals
and seasoned bankers who were effectively positioned to
provide tailor-made solutions to meet banking needs of
customers.
Mr Akaba said with its experienced team, the bank was poised
and committed to delivering a new experience in world class
banking into the Ghanaian market to make it Africa’s bank of
best practices.
He said Access Bank (Ghana) was ready to play an active role
in key sectors such as oil and gas, telecommunications,
construction, cocoa, manufacturing, SMEs, among others, to
propel growth and create wealth for local businesses and
individuals.
“As a Ghanaian who has lived and worked in Ghana all my
life, I know our environment, and I am determined to align
the aims of the bank with the aspirations of our government,
corporate citizens and individuals,” the Country Managing
Director said.
Mr Akaba said the bank also intended to transform the
traditional Ghanaian hospitality into a business asset that
would welcome investors and support local businesses to add
value to the country’s developmental efforts.
He promised the bank would employ values such as excellence,
compliance with regulations, passion for excellence,
teamwork, trust and continuous growth and career development
to serve customers.
The Access Bank is based in Nigeria and registered on the
Nigeria Stock Exchange with US$8.9 billion total assets as
at March 2008 and shareholders’ funds of US$1.5 billion with
major foreign investment from the International Finance
Corporation and the Netherlands Development Finance Company.
GNA
