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Bank of Ghana Governor lauds GCB Bank’s role in socio-economic development

February 9, 2024
Bank of Ghana Governor lauds GCB Bank's role in socio-economic development
Bank of Ghana Governor Dr. Ernest Addison

Dr. , the Governor of the , has praised GCB Bank for its significant contributions to Ghana's , particularly in advancing the national financial inclusion agenda. Speaking at the GCB Bank Platinum Thought Leadership Conference, Dr. Addison highlighted the bank's extensive branch network and commitment to tailored financial solutions and exceptional customer service.

Since its establishment in the 1950s, GCB Bank has expanded its footprint, operating over 150 branches and 11 agencies across all 16 regions of Ghana. Notably, the bank launched G-Money, the first bank-led service in Ghana, serving over 2.7 million customers. Dr. Addison commended GCB Bank for its execution of Ghana's inaugural successful Pan-African Payment and Settlement System (PAPSS) client transaction.

The conference, themed “70 years of Providing Unrivalled Financial Solutions in the Socio-economic Development of Ghana,” focused on critical issues such as ethics, financial conduct, inclusion, and digital innovation. Dr. Addison acknowledged GCB Bank's role in promoting financial intermediation and facilitating Ghana's international trade.

The Finance Minister, represented by Dr. , lauded GCB for its 70-year contribution to the country's development, emphasizing its support for businesses and the private sector. Managing Director of GCB Bank, Kofi Adomakoh, reiterated the bank's commitment to resilience, growth, and community support, highlighting its focus on digital transformation and customer experience.

The conference aimed to provide a platform for discussion on topics relevant to the sector and the national economy. Proceedings will be collated for publication as a book to commemorate GCB Bank's 70th Anniversary, serving as a valuable resource for stakeholders in Ghana and beyond. The event was attended by officials from the Bank of Ghana, industry leaders, banking practitioners, academics, and the public.

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