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Zenith and GCB pick cashless and e-zwich awards

Accra, July 17, GNA –
The Ghana Banking Awards has adjudged Zenith Bank as the Cashless Promotion
Bank of the Year and the GCB Bank as the E-zwich Bank of the Year.

The two banks were
recognised for their efforts at driving cashless and e-zwich during the
prestigious banking awards held in Accra.

The Banking Awards,
which is in its 16th year, was instituted by Corporate Initiative Ghana,
constituted by corporate bodies in Ghana with the intention to recognise
performing banks in different categories and to engender competition.

A few years ago, a
category to reward banks that promote e-zwich was introduced and another to
recognise banks driving the cashless agenda was added a year after.

The two award
categories promoted by the Ghana Interbank Payment Settlement Systems Limited
(GhIPSS) was in line with the general policy to promote non-cash forms of
payment in Ghana.

Competition for both
awards was keenly contested with Standard Chartered Bank and Royal Bank being
adjudged the first and second runners up in the category of Cashless Bank
Promotion Award while Agriculture Development Bank and Access Bank were the
first and second runners up for the E-zwich Bank of the Year category.

Mr Archie Hesse, the
Chief Executive of GhIPSS, commended the winners of the various categories and
urged financial institutions to continue to work with GhIPSS to drive non-cash
forms of payments.

He explained that the
banks were in a very advantageous position in the cashless agenda as they have
both merchants and individuals as customers.

He said they could
work with their customers, who were merchants, to enable them to offer
electronic payment channels as well as use incentives to encourage them to
patronise those electronic payment channels.

Mr Hesse urged
government to come out with policies that would reward financial institutions
which were promoting non-cash forms of payments.

He said with some
progress being made with a concerted effort by all stakeholders, Ghana could
move away from a cash dominant economy.

GNA

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