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First Bank Ghana opens Tamale branch to boost financial inclusion and growth

Kelvin KokrokobyKelvin Kokroko
September 12, 2025
in Business, Finance
Reading Time: 2 mins read
First Bank Ghana opens Tamale branch to boost financial inclusion and growth

Tamale, Ghana – First Bank Ghana has inaugurated a new branch in Tamale as part of efforts to expand financial inclusion and stimulate economic growth in the northern part of the country.

Speaking at the opening, Mr. Victor Yaw Asante, Managing Director and Chief Executive Officer of First Bank Ghana, said the new branch represented more than a banking hall, describing it as “a long-term investment in partnership, empowerment, and shared prosperity with the people of northern Ghana.”

Get more exclusive breaking news updates on our WhatsApp channel .

He highlighted Tamale’s role as the commercial hub of the north, linking key agricultural and trade corridors, but noted that formal banking penetration in the region remains below 40 per cent. Establishing a branch there, he said, would help support livelihoods, grow businesses, and power the local economy.

The CEO announced that the Tamale branch would deliver tailored services for the market, including credit facilities for micro, small, and medium enterprises, farmers, and professionals with flexible repayment terms. He added that the bank would roll out agent and mobile banking channels to underserved communities and offer financial education to guide customers.

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Located along the Tamale Teaching Hospital Road, the branch will operate under a hybrid model combining digital platforms, in-branch services, and community outreach. Mr. Asante assured residents that the bank, a subsidiary of the First Bank Group founded in 1894, would extend its legacy of trust and stability to the north.

“Our presence here is a commitment to excellence, empowerment, and inclusive growth,” he said, pledging support for schools, partnerships with businesses, and collaboration with traditional authorities.

Mr. Mumuni Abdul Aziz, President of the Mobile Money Banking Association, welcomed the new branch, describing it as a catalyst for business growth and improved security for operators.

Mr. Yakubu Adam, a long-standing customer of the bank since 2013, also commended First Bank Ghana for its consistent delivery of quality service.

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Ghana’s agri-food exporters face urgent EU packaging compliance challenges ahead of 2026 Packaging and Packaging Waste Regulations enforcement A study by Farrelly Mitchell Business Consultants Limited has revealed that Ghana’s agri-food exporters face urgent compliance challenges as the European Union (EU) prepares to enforce its new Packaging and Packaging Waste Regulations (PPWR), alongside updated rules on Bisphenol A (BPA), set to take effect from July 20, 2026. Failure to meet the requirements, the study warns, could result in Ghanaian exporters losing access to the lucrative European market. The study, commissioned by COLEAD (formerly COLEACP) using Ghana as a case study, examined the country’s packaging industry, regulatory frameworks, and preparedness of public and private sector actors. It found low awareness and limited readiness across key stakeholders, including regulators, packaging manufacturers, and exporters. “While the Ghana Standards Authority (GSA) has some familiarity with aspects of the PPWR, it is yet to establish the regulatory framework or laboratory capacity required for BPA testing and compliance,” the report noted. Similarly, the Ministry of Trade, Agribusiness and Industry (MoTAI) and industry actors have yet to adapt fully to the EU’s new requirements. Although some local companies have begun using recyclable materials or conducting limited BPA testing, these efforts are fragmented and often fall short of EU standards. Systems for recyclability testing, traceability documentation, and Extended Producer Responsibility (EPR) remain weak. Ghana’s EPR policy, while drafted, has not been finalized or fully implemented. Despite the gaps, the study highlighted strong interest among local firms to innovate and comply, provided technical and financial support is available. Major barriers include high compliance costs, misalignment between local and EU regulations, and limited access to EU-compliant packaging materials. The report recommends raising awareness among stakeholders, improving recyclability, reusability, and composability of packaging, strengthening traceability and labelling systems, enhancing chemical testing capacity, and finalizing the national EPR framework. It also urged development of a national roadmap to align local packaging standards with EU regulations, scaling up testing capabilities, and mobilizing support for SMEs. Without swift and coordinated action, the study concluded, Ghana’s agri-food exporters risk losing competitiveness in the EU market when the PPWR and BPA regulations come into force

Ghana’s agri-food exporters face urgent EU packaging compliance challenges ahead of 2026 Packaging and Packaging Waste Regulations enforcement

List of licensed Microcredit Institutions in Ghana

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