Constancy Financial institution Ghana has been topped “Finest Financial institution in Monetary Inclusion in West Africa” on the prestigious fifteenth Africa Financial institution 4.0 Summit and Awards-West Africa, held on the La Palm Royal Seashore Lodge in Accra.
This important accolade acknowledges the financial institution’s pioneering efforts in increasing monetary entry to hundreds of thousands of beforehand unbanked and underbanked Ghanaians over the previous decade.
“This award is a testomony to the tireless efforts of our workforce and companions, notably our brokers, and the unflinching dedication now we have proven to bridging the monetary hole in Ghana over time,” mentioned Julian Opuni, Managing Director of Constancy Financial institution Ghana.
“We now have all the time believed that banking ought to be inclusive. Our modern merchandise and strategic partnerships haven’t solely expanded our buyer base however have additionally pushed financial progress by empowering people and communities.
“This award reinforces our dedication to assist each Ghanaian’s monetary journey—actually, we’re right here to your journey.”
The award follows a decade of groundbreaking initiatives, starting with a stark realisation: in 2011, a staggering 70% of the Ghanaian inhabitants was unbanked.
Constancy Financial institution, recognising this essential hole, launched into a transformative journey to deliver banking companies to the underserved.
“We understood that conventional banking fashions had been failing to achieve a good portion of the inhabitants,” defined Dr. David Okyere, Head of Company Banking at Constancy Financial institution.
“We wanted to interrupt down obstacles and convey banking companies to the individuals, fairly than anticipating individuals to come back to the financial institution.”
In his remarks through the award ceremony, Dr. Okyere expressed gratitude to the CEO, the Board, and Administration of Constancy Financial institution for his or her unwavering assist in attaining this milestone.
He devoted the award to the hardworking Inclusive and Company Banking groups, whose dedication, dedication, and resilience have been instrumental in overcoming the challenges related to driving monetary inclusion.
This imaginative and prescient led to the event of the Good Account, a revolutionary product requiring minimal documentation, and the institution of a strong Company Banking community, making banking companies accessible in each nook of the nation.
By way of partnerships with organizations like Ghana Publish and Melcom, Constancy Financial institution established an unlimited community of agent factors of about 8,000 bringing banking nearer to the individuals.
Overcoming preliminary skepticism and dispelling myths about banking accessibility, Constancy Financial institution efficiently onboarded over 1.5 million beforehand unbanked and underbanked people.
The financial institution’s modern method, together with the event of the Good Account and the enlargement of its Company Banking community, has set a brand new customary for monetary inclusion in Ghana.
Constancy Financial institution stays dedicated to additional increasing its monetary inclusion initiatives.
“Our journey is much from over,” Samuel Abbey Dodoo, Head of Inclusive Banking remarked. “We’re decided to proceed pushing the boundaries of what’s potential in inclusive banking.
“By leveraging know-how, forging strategic partnerships, and investing in our Brokers, we are going to be sure that each Ghanaian has the chance to entry high quality monetary companies, empowering them to construct a brighter future.”
Wanting forward, Constancy Financial institution stays dedicated to additional enhancing its monetary inclusion initiatives.
The financial institution is exploring new avenues such because the introduction of the Good Mortgage, a digital micro-loan requiring no collateral or documentation.
Moreover, there are plans to discover micro-insurance choices, additional making certain that each Ghanaian, no matter their financial standing, has entry to complete monetary companies.
Constancy Financial institution can also be increasing digital monetary literacy packages, creating modern merchandise for underserved segments, and strengthening its partnerships to drive sustainable monetary progress for all Ghanaians.
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