Ecobank Ghana and GN Savings have signed a partnership agreement which will see the two institutions work together in areas that will be mutually beneficial.
Signed on March 29, 2019, the ceremony was witnessed by officials of both companies.
They included Dr. Papa Kwesi Nduom, Chairman of GN Savings; Dr Nana Kweku Nduom, Vice President of 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.
Chief Executive Officer of GN Savings, Issah Adam expressed excitement about the partnership as he mentioned that it will help improve services.
He said: “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.”
Dr. Edward Nartey Botchway, Executive Director of Finance Ecobank Ghana and CFO Anglophone West Africa also remarked that the partnership will foster growth of both companies.
He noted that Ecobank was more than happy to partner GN Savings.
“The reclassification of GN Bank to GN Savings has resulted in the need for a Banking partner for GN Savings & Loans,” he said. “We believe our superior technology platform and dedicated staff makes 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.”