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UBA Group MD meets Bank of Ghana Governor, reinforces commitment to regulatory compliance and expansion in Ghana

February 21, 2024
Group Managing Director (GMD) of UBA Group, Mr. Oliver Alawuba, recently undertook a working visit to meet with the Governor of the Bank of Ghana, Mr. Ernest Addison
Group Managing Director (GMD) of UBA Group, Mr. Oliver Alawuba with Governor of Bank of Ghana, Mr. Ernest Addison

The Group Managing Director (GMD) of Group, Mr. Oliver Alawuba, recently undertook a working visit to meet with the Governor of the , Mr. . The meeting reinforced UBA's commitment to regulatory compliance and its strategic expansion plans in Ghana and beyond.

During the meeting, Mr Alawuba assured Governor Addison of UBA's continued adherence to regulations and notices issued by the Bank of Ghana. He highlighted the bank's commitment to the , showcasing UBA's dedication to compliance and operational integrity.

Mr. Alawuba provided insights into significant developments within UBA's operations in Ghana. This included the construction of a new Head Office, signalling the bank's long-term investment in the country's financial landscape. Additionally, UBA aims to expand its presence to all 16 regions of Ghana, emphasizing the goal of fostering financial inclusion and accessibility across the nation.

In a strategic move to nurture young talent, Mr Alawuba disclosed UBA's flagship program to recruit and groom young graduates. He expressed confidence that these individuals would assume key positions within the bank in the next five years, highlighting UBA's commitment to youth development and succession planning.

Mr Alawuba further announced UBA's plans to redeploy staff to other subsidiaries of UBA Plc, reflecting the bank's strategic realignment and optimization of resources across its global network. He also shared that the UBA Group is set to celebrate 75 years, while the Ghana subsidiary will mark its 20 years of operation.

Governor Addison provided insights into Ghana's economic landscape, acknowledging the challenges faced in recent years but expressing optimism about the economy's resilience. He cited positive indicators such as declining inflation and interest rates.

Governor Addison confirmed the approval of Uzo as the Managing Director/CEO of UBA Ghana, signalling confidence in UBA's leadership transition process. He encouraged proactive measures to facilitate a smooth transition and uphold the bank's position in Ghana's banking sector.

Accompanying the UBA Group MD were Abiola Bawuah, Executive Director of the UBA Group and CEO for UBA Africa, with responsibility over 19 subsidiaries, and Uzoechina Molokwu, Managing Director for UBA Ghana. The meeting served as a platform for fruitful discussions on regulatory compliance, strategic expansion, and the broader economic landscape, reaffirming UBA's commitment to fostering mutually beneficial partnerships and driving sustainable growth in Ghana and beyond.

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