GCB hosts cashless society discussion to commemorate 60th anniversary

Ghana Commercial Bank Limited (GCB), the first indigenous financial institution in the country is to host a roundtable discussion on the feasibility of a cashless regime in Ghana on Monday April 29, 2013 as part of activities marking its 60th anniversary celebrations.

Under the theme “Achieving A Cashless Society: The Role Of Banks, Government and the Customer”, this landmark event will bring together Business leaders, Corporate Executives, Civil Society and Public Sector decision makers among others for a brainstorming session.

High-profiled personalities billed to speak at the event include Mr. Millison Narh, Deputy Governor of the Bank of Ghana, Mr. Archie Hesse, CEO-Ghana Inter Bank Payment and Settlement Systems (GHIPSS) and Dr. Fritz Gockel, Board Chairman of GCB and a lecturer at the Economics Department of the University of Ghana.

Others are Mr. Joshua Peprah, an ICT expert and a member of the Board of Directors of GCB, Mr. Kwaku Sakyi-Addo, CEO of the Ghana Telecoms Chamber, Mr. Ade Shonubi, CEO- Nigeria Interbank Settlement and Mr. T. Fatokun, Director of Payments, Central Bank of Nigeria.

Commenting on the event, Mr. Simon Dornoo, Managing Director of GCB said as the leading Bank in Ghana, GCB is providing the platform for bankers, customers, and decision makers to discuss this all important issue. “We are happy that once again GCB is setting the pace on an issue such as this”.

He explained that a cashless Ghanaian society, when embarked upon may provide many benefits including increased efficiency in making payments; better information on payment transactions for policy making; reduction in cost of minting coins and printing bank notes and increased participation in the formal banking sector.

The Event will also serve as a networking platform for the business community.

GCB, which was set up on May 20, 1953 to offer financial support to indigenous Ghanaian businesses, has grown from one branch to 158 networked branches and 15 agencies across the length and breadth of Ghana. It has taken advantage of a secure ICT platform to introduce multiple channels of service for the benefit of its customers. These include Automated Teller Machines, Internet and SMS Banking as well as Point Of Sale terminals.