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GN Savings and Ecobank sign agreement


Accra, April 2, GNA – Ecobank Ghana and GN Savings have signed a financial partnership agreement to tie their strengths for the utilisation of opportunities for their mutual benefits.

The agreement, signed on Friday, March 29 at the offices of GN Savings, follows the reclassification of GN Bank, this year, as a Savings and Loans company, now called GN Savings, an official statement has said.

Mr Issah Adam, CEO of GN Savings and Dr Edward Nartey Botchway, Executive Director of Finance Ecobank Ghana and CFO Anglophone West Africa, initialled for their respective sides.

Mr Adam stated: “With this partnership signed, we urge our clients and the Ghanaian banking public to continue doing business with us.

“With 300 locations nationwide, GN Savings brings to this relationship the widest physical outlets for the distribution of financial services in Ghana, creating the desired convenience for customers, especially in the rural areas.”

For his part, Dr Botchway said: “We, at Ecobank, are happy with the opportunity to provide banking services to GN Savings.

“The reclassification of GN Bank to GN Savings has resulted in the need for a banking partner for GN Savings & Loans. We believe our superior technology platform and dedicated staff make us, indeed, the ideal partner to support GN Savings and Loans in this regard.

“For us, this not just a transaction but a partnership that will serve both institutions well. We believe that this partnership will grow and possibly lead to other forms of strategic alliances in the coming years”.

The ceremony was witnessed by the Chairman of GN Savings, Dr. Papa Kwesi Nduom, Dr Nana Kweku Nduom, Vice President, Groupe Nduom, Mr. Robert Danso Boakye, COO for GN Savings, Mr Alfred Sakyi, Ecobank Head of Commercial Banking, Ghana and Anglophone West Africa, Madam Adobea Addo, Ecobank Head of Branch Network, Mr. Kingsley Adofo-Addo, Ecobank Head of SME and Mrs. Kelda Ofedie Ocansey, Ecobank Relationship Manager for Non-Bank Financial Institutions.

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