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in Banking

Republic Bank Ghana, a Good Corporate Citizen- Osafo-Maafo

Maynard Championby Maynard Champion
February 9, 2022
Reading Time: 4 mins read
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Ghana Beyond Aid is a non-partisan vision to chart new trajectory in development - Osafo Marfo

Yaw Osafo Marfo, Senior Presidential Advisor

Hon. Yaw Osafo-Maafo, the Special Advisor to the President of Ghana, has lauded the impact of the Republic Bank on the life of Ghanaians and the economy as a whole.

The Special Advisor to the President made this known at the opening ceremony of the commissioning of the bank’s Ultra-Modern building, ‘Republic Court Building’ located on the independence avenue, Ridge. Mr. Osafo-Mafo expressed his desire to see the bank reach new heights in the banking industry.

“We will be happy to see this Bank grow further because you have demonstrated that you are a good Corporate Citizen. I take this opportunity to express Government’s appreciation to Republic Bank for the leadership you have shown in 2020 during the COVID-19 pandemic.”

Osafo-Maafo

Hon. Yaw Osafo-Maafo, who represented the President as the Special Guest of Honor, expressed his excitement over the ease and the fast manner in which the bank supported its customers at the height of the pandemic. He thus, extolled the Management and Staff of Republic Bank for making that possible.

“You were the first Bank in Ghana to announce a loan moratorium and other reliefs for your customers. You also supported the COVID-19 Private Sector Fund during the construction of the Infectious Disease Isolation and Treatment Centre and donated to various health centers across the country. Thank you for responding to the call by the President for institutional support.”

Osafo-Maafo
Webp compressed
Republic Court Building

Moreover, Mr. Farid Antar, the Managing Director of the Republic Bank Ghana, a subsidiary of Republic Financial Holdings Limited, in his speech at the colorful event, gave a short history about how the bank came from the coast of the Caribbean to its root- Africa.

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“Republic Bank, a bank built with African blood, flourishing at the coast of the Caribbean, dreamt of coming back to Africa. The dream is to establish and build an African brand. Today, at the heart of the city of Accra, lies the citadel of hope for the Republic Bank brand in Ghana and Africa. The Republic Court; an enviable, imposing and magnificent design of a building. A statement to Ghana that we are here to stay, to Ghanaians that ‘We’re the One for you!’ and to the Banking Industry that we are indeed a force to reckon with.”

Mr. Farid Antar

Mr. Farid Antar opined that the strategic location of Republic Court Building breeds business confidence, goodwill and increased brand equity, which are necessary fundamentals needed to be a Tier 1 Bank in Ghana.

“Evidently, we are already reaping these results from industry feedback, reviews from our Customers and the General Public as well as the growth of our Assets on our Balance sheet.”

Mr. Farid Antar

The Managing Director revealed that the Republic Court Building was built with an energy conservation system to help save on electricity in line with the Bank’s commitment to Net Zero Emissions and Climate Action SDG-13. He added that the building has an energy management system for lighting and air conditioning to reduce our carbon footprint and protect the environment.

Mr. Farid Antar
Mr. Farid Antar, Managing Director

Mr. Antar further indicated that the Bank has over the last three years been retooling and innovating to provide superior banking convenience and experience for its cherished Customers and the General Public.

“We have given many of our banking halls major facelifts. We have also massively invested and improved our Technology and Electronic Payment Systems with the introduction of RepublicMobile Ghana App and other digital suites to offer convenience to our Customers and Ghanaians.”

Mr. Farid Antar

Moreover, Dr. Ernest Addison, the Governor of the Bank of Ghana, in his remark, commended the Bank for its resilient performance in the last financial year.

Likewise, other notable dignitaries present included: the Regional Minister, Hon. Harry Quartey, the Honorary Consul, Trinidad and Tobago, Hon. Hilton John Mitchell, the Accra Mayor, Hon. Elizabeth Sackey, the Municipal Chief Executive, KoKMA Hon. Nii Adjei Tawiah and the Regional Police Commander, DCOP Iddi Lansah Seidu. Also present were the Board Chairman of Republic Bank Ghana– Mr. Charles William Zwennes, the Board of Directors of Republic Bank, Executives and Staff.

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