Ransford Adjetey Sowah – Managing Director of GCB Bank
Ransford Adjetey Sowah, Managing Director of GCB Bank, has revealed that the bank plans to expand its operations to the West Africa sub-region, beginning with English-speaking countries.
The bank is also holding talks with a foreign partner to form a joint venture to provide insurance products to Ghanaians.
Speaking at the Facts Behind the Figures programme organized by the Ghana Stock Exchange (GSE) in Accra, Mr. Sowah said: “We are also looking at the sub-region. We have an agenda of moving into various countries, and we are prosecuting that agenda. We do hope that we will make investments into other countries and that will inure to the benefit of people; they would have the opportunity of going out to learn new things and teach people what they have learnt here.”
According to him, GCB Bank Limited is set to introduce new products as part of efforts to expand its operations, promote digitization and improve the quality of services to customers and the general public.
He said GCB’s mobile wallet, Internet Banking with trade solution and mobile application would all be launched by July 2019 while its agency banking would be introduced in December 2019.
Mr Sowah added that the bank has decided to diversify and is hoping to boost non-funded income.
In this direction, he said the bank is converting its subsidiary, Development Finance Holdings, into a full investment bank to be known as GCB Security Limited.
“That subsidiary is going to do all the work in investment banking in this country and compete for business in terms of book running and investments. So, we do hope that we will create another stream of income from that,” he added.
The bank would rely heavily on safe, secure and convenient mobile and digital banking to drive the agenda of bringing banking to the doorsteps of the people.
Socrates Afram, Deputy Managing Director Finance, mentioned that the bank would be aggressive in its approach to digitalization to increase revenue in the coming years.
A business desk report