• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, February 4, 2023
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Absa Bank Head Office Relocation “Long Overdue”- BoG Governor

December 15, 2021
Stephen M.CbyStephen M.C
in Banking, Finance
0
Absa Bank Head Office Relocation “Long Overdue”- BoG Governor

Absa Bank

 The Governor of the Bank of Ghana, Dr. Ernest Addison, has described Absa Bank’s decision to relocate its head office from Accra High Street as “Long overdue” but lauded the bank for its environmental-consciousness.

The Governor made these comments at Absa’s ‘soil-turning’ event when he was asked to give his opinion on the bank’s decision.

Meanwhile, Abena Osei-Poku, the Managing Director of Absa Bank, was direct in her comments about the relocations underpinning rationale. She promised that the building will be designed with the latest artifacts that reflect the realities of the modern world.

RelatedPosts

BoG Publishes Indicative Rates, Not The Central Bank’s Forex Rates-  1st Deputy Governor

GCB Bank Honors Its Pledge To UCC With A Cheque Of GH¢300,000

Stanbic Bank Ghana Ranks Best Local Bank In Customer Service

“The time is right for us to chart a new direction in our relationship with Ghana, which will hopefully last beyond another hundred years.  The dynamism of the global workplace makes it difficult for our old head office at high street to rhyme with the evolving digital ecosystem. Our new building will be designed with only the latest trends of the digital workplace and innovation for the benefit of our employees, customers and stakeholders.”

Abena Osei-Poku

After 104-years of operating its head office on the Accra High Street, Absa Bank is now preparing to relocate its head office from the Accra high street.

Importance of Absa Bank to the Banking Industry

Mrs. Elsie Addo-Awadzi, the Second Deputy Governor, who mounted the stage was lavish in her appreciation for Absa Bank, hailing it for being such an important financial institution in the banking space in Ghana. She also highlighted the bank’s environmental stewardship and urged it to continue in that direction.

“Absa remains a very important player in the banking sector. It has demonstrated leadership over the years, and was even the first to meet the minimum capital requirement set by the Central Bank in 2018. I am glad they have committed to take issues of environmental sustainability, reduction in carbon footprints and compliance with the sustainable banking principles, into consideration when the construction begins.”

Mrs. Elsie Addo-Awadzi

Absa Bank’s Chief Operating Officer, Michael Mensah-Baah, praised the timing of the relocation and soothed shareholders’ fears by assuring them that the decision would have no ramifications on them. The Chief Operating Officer also emphasized the bank’s unwavering commitment to providing the best banking and non-banking services to its customers. He then urged the customers to continue banking with them and to entrust them with their assets as they are best in handling customers in the country.

“Our model for this new building revolves around four key themes – our people, customers, resilience and sustainability. No matter how you dice it, we have covered every aspect in making this new building a reflection of the future of banking. Energy conservation, reduction in waste, digital innovation and creativity, are integral in this construction as we aim towards completion in the next 18-months. The timing is right because we have the ability to finance without any repercussions on our business or shareholders’ expectations.”

Michael Mensah-Baah

Banking is a way of life. Its ability to empower small and medium-sized enterprises, contribute to socio-economic growth, and improve people’s lives, communities, and society cannot be emphasized. Absa Bank’s cutting-edge strategy across its major businesses continues to reflect leadership and expertise, and the new head office is just another example of the bank’s commitment to innovation.

READ ALSO: Bank of Ghana grateful to the Bank of England for strengthening supervisory cooperation in Ghana

Tags: AbsaBoGLong overdue

Related Posts

BoG Publicizes Indicative Rates, Not Transactional Rates- 1st Deputy Governor
Finance

BoG Publishes Indicative Rates, Not The Central Bank’s Forex Rates-  1st Deputy Governor

February 3, 2023
GCB Bank Honors Its Pledge To UCC With A Cheque Of GH¢300,000
Banking

GCB Bank Honors Its Pledge To UCC With A Cheque Of GH¢300,000

February 3, 2023
Stanbic Bank Ghana Ranks Best Local Bank In Customer Service
Banking

Stanbic Bank Ghana Ranks Best Local Bank In Customer Service

February 3, 2023
DDEP: An Ample Time To Consult, Engage Stakeholders Would Have Been The Solution- Prof. Lord Mensah
Finance

DDEP: An Ample Time To Consult, Engage Stakeholders Would Have Been The Solution- Prof. Lord Mensah

February 3, 2023
AfDB Trains Its Regional Member Countries On Strategic And Operational Application Of Fragility Lens
Banking

AfDB Trains Its Regional Member Countries On Strategic And Operational Application Of Fragility Lens

February 2, 2023
Does This Make England’s Case Any Better Than Ghana’s?
Banking

Does This Make England’s Case Any Better Than Ghana’s?

February 2, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

Sergio Aguero Tearfully Bids Goodbye to Football

Next Post

Aluworks PLC Lauds Government’s 35.77% Tax On Cheap Aluminum Products From China

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
Be Careful Of The People You Discuss Your Marital Affairs With – Counsellor
Entertainment

Be Careful Of The People You Discuss Your Marital Affairs With – Counsellor

by Esther Korantemaa OffeiFebruary 3, 2023
Oil Weakens As Market Awaits Signs Of China Demand Recovery
Extractives/Energy

Oil Weakens As Market Awaits Signs Of China Demand Recovery

by Stephen M.CFebruary 3, 2023
Blinken Postpones China Trip Over Mystery Flying Ballon
USA

Blinken Postpones China Trip Over Mystery Flying Ballon

by Comfort AmpomaaFebruary 3, 2023
Newmont Obliges To Ghana’s Tax Laws, Pays ¢184.6m As Dividends To Government
Extractives/Energy

Newmont Obliges To Ghana’s Tax Laws, Pays Gh¢184.6m As Dividends To Government

by Gifty BansahFebruary 3, 2023
Uber And Nissan To Partner For Africa’s Green Economy Summit
Innovation

Uber And Nissan To Partner For Africa’s Green Economy Summit

by Priscilla Dziedzorm FiakpornuFebruary 3, 2023
Education Minister To Appear Before Parliament Over SHS Placement Scandal On February 11
General News

Education Minister To Appear Before Parliament Over SHS Placement Scandal On February 11

by Emmanuel SarpongFebruary 3, 2023
Be Careful Of The People You Discuss Your Marital Affairs With – Counsellor
Oil Weakens As Market Awaits Signs Of China Demand Recovery
Blinken Postpones China Trip Over Mystery Flying Ballon
Newmont Obliges To Ghana’s Tax Laws, Pays ¢184.6m As Dividends To Government
Uber And Nissan To Partner For Africa’s Green Economy Summit
Education Minister To Appear Before Parliament Over SHS Placement Scandal On February 11
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In