The Guaranty Trust Bank (Ghana) Limited (GTBank) has expressed its resolve to focus on organic expansion across the 16 regions of the country.
The General Manager (GM) of the GTBank, Mr Daniel Attah, said this at the opening of the bank's 34th branch on February 28 at Kasoa in the Central Region.
“Originally, the GTBank does not believe in acquisition but would remain focused on its plans to expand by opening branches where it deemed fit to serve its customers,” he said.
According to him, the bank would remain positive on Ghana’s long-term growth potential, with continued investment into areas of strength.
Beyond organic growth, Mr Attah indicated that the bank plans to deploy technology-based solutions to drive financial inclusion and grow the bank among the top largest banks in the country.
He noted that the bank had already adopted cutting-edge technology to support its product and service offerings.
Technology, he said had already enabled the bank to develop a digital platform to ensure that more people, especially the unbanked get access to financial services.
“Expanding to every community in the country is not our focus for now and so, we are embarking on digital transformation to drive financial inclusion,” he said.
The Divisional Head for General Internal Service of the GTBank, Ms Iris Richter-Addo, said the opening of the branch was in line with the bank’s commitment to bring its exceptional services to the doorsteps of its customers.
“We decided last year to establish a full service branch at Kasoa—a decision that was based on continuous requests from our cherished customers and also one that is in line with our strategic goal of being the retail bank of choice in Ghana,” she said.
“We are truly delighted that the GTBank is formerly opening its doors to the residents and businesses operating at Kasoa and its environs. Today has new significance in our history—it marks the beginning of a great relationship between this community and the GTBank. We look forward to thriving together.”
Ms Richter-Addo explained that the branch had been furnished to provide services to its loyal customers in a comfortable and friendly atmosphere.
She added that the bank’s Kasoa branch offered a full range of banking and value added services such as airline ticket reservations, Electricity Company of Ghana (ECG) and other bills.
The Minister in charge of Special Development Initiatives, Ms Hawa Koomson, who commended the bank for the new branch, called for the development of a tailored made products for residents at Kasoa and its environs.
According to her, residents at Kasoa and its environs are often traders who needed proper products and services which would help their businesses to grow.
“Unlike East Legon, residents at Kasoa and its environs are often traders and so we need products that would help grow our businesses in the market.”