Ghana Commercial Bank appoints John Kofi Adomakoh as new Managing Director

GHANA – The Board of Ghana Commercial Bank Limited has announced the appointment of Mr. John Kofi Adomakoh as the new Managing Director (MD) of the Bank replacing Mr. Anselm Ray Sowah, who ended his tenure of office as the MD of GCB Bank in September this year after more than three years in that position. According to a release by the bank, the Board views this appointment as a major milestone in the Bank’s transformation agenda to become a world-class bank with proactiveness in solving client needs. It also…

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Ransford Sowah to step down as GCB Bank Managing Director

GHANA – Ransford Sowah is set to step down as the Managing Director of GCB Bank, Ghana’s largest Bank in terms of total assets and share of industry deposits. The development at the Bank (which was formally known as Ghana Commercial Bank) was first made public at the bank’s 26th Annual General Meeting. The Bank’s board however released a statement in August clarifying the fate of Bank’s Managing Director. According to the statement, Mr. Sowah had tendered his resignation to the company’s board but as part of good governance, Mr…

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GCB bank introduces G-Money Mobile Wallet to tap into the fast growing mobile money market

GHANA – Ghana’s largest bank, GCB Bank Limited, has unveiled the first G-Money Mobile Wallet in Accra to enable customers and non-customers to make personal transactions on their mobile phones at low charges on any mobile network. GCB noted that the wallet is the first of its kind for a bank in Ghana and has features that enable subscribers to send and receive monies, pay utility bills and make savings. GCB Bank said that interested customers could access the service through Unstructured Supplementary Service Data (USSD), and the bank’s internet…

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