Business News of 2013-12-23

UBA welcomes BoG’s recapitalisation at ‘jogging to bond’

UBA has welcomed the new GH¢120million minimum recapitalisation recently announced by the central bank. The MD/CEO Mr. Oliver Alawuba mentioned this at the bank’s last in the series of health bond activity dubbed jogging to bond at the poolside of the University of Ghana.

Mr. Alawuba opined that “UBA Ghana is highly capitalised. We will be able to meet the second round of the BoG's recapitalisation. We were able to meet the first round of recapitalisation in two months”.

Mr. Alawuba, who led a fun-filled aerobics session at the event, said UBA is noted for excellent service delivery, but to deliver the service one needs to be fit, adding “the Ghana staff of the bank is very fit and healthy to deliver the service to their customers”.

Touching on the performance for this year, the MD/CEO did not hesitate to say the bank has done tremendously well. “We started the year with a service delivery that allowed us to walk with our customers,” he stressed.

Knowing very well that the face of banking is changing, the bank under the leadership of Mr. Alawuba continues to invest heavily in electronic banking that enables the bank to roll-out a number of e-products -- including the highly-acclaimed cardless ATM withdrawal service that allows a third party to withdraw cash on its ATM without a card. He added that next year the bank will continue to introduce more products in customer banking.

Addressing the staff later, the director of African Cancer Organisation, Mr. Paul Opoku Agyemang described prostate cancer as a type of cancer that starts in the prostrate, a walnut-sized gland found right below the bladder only in men. He appealed to Ghanaians to change their lifestyles in order to reduce the incidence of the male-dominated disease.