UMB headlines 3rd edition of ‘Ghana Centre of the World’ golf tournament

Universal Merchant Bank (UMB) has announced its headline sponsorship of the third edition of the “Ghana Centre of the world’ Golf Tournament, from August 26, to 28 at the newly christened ‘Centre of the World Golf Club’ in Tema (the erstwhile Tema Country Club).

The three-day golf tournament, organized by the Ghana Tourism Development Company (GTDC), under the auspices of the Ministry of Tourism, Arts and Culture, is a tournament open to all golfers across Ghana and West Africa.

This year’s tournament, dubbed the “Version 3.0” edition, is part of a larger initiative by the Ministry and its agencies (including the GTDC) to celebrate and establish the ‘Ghana as the center of the world’ brand.

The sponsorship was announced at a short ceremony here in Accra, at the UMB Headoffice.

GTDC was represented by the deputy chief executive Madam Akofa Dokosi, who was received by the UMB chief executive Nana Dwemoh Benneh.

Speaking at the announcement, the Chief Executive of UMB, Nana Dwemoh Benneh, noted that “God has truly blessed Ghana with many natural wonders, including the fact that we are the only country that is closest to the intersection of the equator and the Greenwich Meridian.

“This really places Ghana at the centre of the world. We are proud, as a leading Ghanaian Bank to once again support and partner the agile and forward-looking Ghana Tourism Development Company; in promoting tourism and the ‘Ghana Nation-Brand’ by leveraging this national asset.

“Thus, our full support for this exciting golf tournament, structured to celebrate this unique attribute.”

Nana Benneh further stated that ‘We see this initiative as a natural progression from the success chalked during the Year of Return, and in line with government’s espoused vision to make tourism a major contributor to our GPD!’

CEO of GTDC Kwadwo Odame Antwi said, “we are excited that a Ghanaian Bank, UMB, has seen the value in our strategy to grow the Ghana brand by leveraging attributes including our geographical location.

“Research indicates the power of sports marketing in promoting nation brands, and we aim to grow this golf initiative to promote Ghana as the desired destination in Africa.”

He further noted, ‘under the auspices of our visionary Minister, we are pursuing discussions with investors to develop the Centre of The World Golf Club into a top-notch facility, at par with what pertains in Dubai, South Africa and other major tourist destinations.’

The golf tournament is expected to attract over one hundred professional and amateur golfers from West Africa as well as captains of industries.

UMB introduces LockSaver Account tailored for Government workers

Universal Merchant Bank (UMB) has launched an innovative savings account, tailor-made for government workers. This was at a media event at the headoffice of the Bank, where the Controller and Accountant General of Ghana ,Mr. Kwasi Kwaning – Bosompem was the guest of honour.
The introduction of the account is the first time a Ghanaian bank is offering other products via the Controller and Accountant General’s industry-leading TPRS system. This system has so far been used by banks in Ghana to provide loans to government workers. The UMB savings account, marketed as the CONTROLLER LOCKSAVER ACCOUNT, allows government workers to secure a savings account which enables them save at their own pace and value. The account, boasts higher interest rates than the industry average and is touted as key to enabling government workers achieve a ‘save-to-invest’ loop.
Speaking on the new initiative, CEO of UMB, Nana Dwemoh Benneh, referred to a survey conducted by the Bank’s research team, which indicated a great desire for savings products amongst Ghanaians. ‘Overall, the Ghanaian worker understands the value of savings. The challenge has been creating a culture of consistent, untouched savings over a period, to achieve a goal. This product allows government workers to save towards this, using the same channel through which their loans and other credit facilities are managed. UMB is proud to be the first bank in Ghana to provide workers the ability to save as well as access affordable loans, thus adding value to financial well-being. This initiative is in line with our Bank’s focus on supporting public sector projects, as a proud indigenous Ghanaian Bank.’
In his remarks, the Controller and Accountant General, Mr. Kwasi Kwaning–Bosompem said “ It is a matter of pride for us that this innovation has been achieved on the back of our won innovation at the Department– the TPRS platform. TPRS is a testament to the governments agenda for digitalization and we are proud that a Ghanaian Bank, UMB has innovated with this platform to offer Savings products. I anticipate and are hopeful that other banks and insurance companies will take a cue from it and offer similar value to government workers. “Touching on the importance of Savings, the Controller further noted “Savings are key for the worker and the economy. This is why the Ministry of Finance and the Bank of Ghana has created sanitized environment in the financial services ecosystem and with interest rates. I urge all Ghanaians, especially workers to save some of their earnings every month, no matter how modest, as this over time will build up and cushion the worker at critical times.”
The event was attended by other senior officers of the Controller and Accountant General’s Department, UMB customers and representatives from key workers unions.

UMB Appoints Nii Amankra Tetteh as Executive Director of Business

ACCRA , June 7, 2021:  Universal Merchant Bank (UMB) is delighted to announce the appointment of Nii Amankra Kwashie Tetteh  as Executive Director , Business.  He will be responsible for leading the growth agenda for the business lines of the Bank. Nii Amankra is a proven leader in the banking industry with a deep, diverse and impactful career track spanning over 19 years, across markets in Africa.

Prior roles in Nii Amankra’s career include executive apex leadership at Bayport Savings & Loans PLC, where he led the transformation agenda and reported the best results in the 18 years of this Institution. Other significant career milestones include over 12 years of progressively senior executive roles within the Barclays Bank Group (now ABSA) including leadership within the Retail and Business Banking in Ghana, and the Barclays Africa Regional Office. Nii Amankra began his banking career at Standard Chartered Bank Ghana, within its Trade Operations unit in 2001. Nii Amankra holds an advanced degree from the China Europe International Business School, Shanghai and Post-Graduate Certificates fom the University of Leicester, UK and IESE, Barcelona  . He is also an alumnus of the University of Ghana, Legon and Mfantsipim School.

Speaking on the appointment, Nana Dwemoh Benneh, CEO UMB said, “Nii Amankra’s appointment is further testament of momentum and confidence in our growth strategy. We are an indigenous Ghanaian Bank  focused on being the best  and helping our customers  achieve the best of  their aspirations. To attract the highest standard and caliber of Ghanaian talent to our executive team, as we have done here, lends confidence to our strategy and positioning.  I am confident Nii Amankra will contribute to the acceleration of delivering the most exciting and fruitful customer experiences in Ghana.”

Commenting on his  appointment, Nii Amankrah said, “I am elated and look forward to delivering on the aspiration of a strong , world -class Ghanaian Bank . UMB has impeccable credentials and pedigree as a banking leader. We shall push ahead to lead the way to deliver effective, digital and efficient value to our SME, Corporate and Personal Banking customers, with the aim of helping them be the best they can be.”

Nii Amankra has fulfilled all regulatory reviews and has assumed his role.

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UMB CEO celebrates Eid with customers in Tamale; Donates items to Yaa-Naa’s celebrations at the Gbewaa Palace.

Customers of Universal Merchant Bank (UMB) in the Northern Region were pleasantly surprised during this year’s Eid festivities, as the CEO of the Bank joined the celebrations in person.  Accompanied by senior executives of the Bank, Nana Dwemoh Benneh the CEO visited with key customers wishing them Eid Mubarak and compliments of the season.

A significant part of these engagements included a courtesy call on the overlord of Dagbon, Yaa-Naa Abubakari Mahama II.  Nana Dwemoh presented items to the Yaa-Naa’s court towards the celebrations and to formally announce his appointment as CEO of the Bank.

Nana Dwemoh Benneh noted, “We take great pride in our heritage as a Ghanaian bank. We hold the view that this heritage denotes world-class and we constantly strive to bring it to life. The key to this is integrating into the lives of the most important part of our business – the CUSTOMER! Also as a Ghanaian bank, we celebrate our culture, and thus there is no way we can be in Dagbon for the Eid, and not pay our respects and ask for the blessings of the Yaa-Naa”.

The Yaa-Naa expressed his deepest appreciation for the visit and the items donated toward the Eid celebrations at the Gbewaa Palace. Speaking through his PRO, he noted, “We in Dagbon and Ghana have to be proud of our own. UMB has been serving us well here in the Northern Region and I pray for Allah to guide the steps of the new CEO to achieve greater successes”.

The Yaa-Naa further admonished the people of Dagbon and Ghana to select Ghanaian banks to support the indigenisation agenda of the government.

UMB CEO pays courtesy call on Otumfuo at Manhyia Palace

The Chief Executive Officer of Universal Merchant Bank (UMB), Nana Dwemoh Benneh has paid a courtesy call on the Asantehene, Otumfuo Osei Tutu II, at the Manhyia Palace in Kumasi.

The visit was to congratulate the Otumfuo on the occasion of his 71st birthday and for Nana Dwemoh Benneh to formally announce his appointment to leadership at the Bank

Nana Dwemoh Benneh, accompanied by some key officials of the Bank, reiterated UMB’s sincerest and most fervent compliments to His Majesty. He further outlined the Bank’s commitment to providing superior financial services to Asanteman and Ghana.

He further stated that as part of UMB’s rich legacy of building and supporting business growth, the Bank had positioned itself as a resilient and digitised SME bank of choice.

The Asantehene Otumfuo Osei Tutu II in his remarks congratulated Nana Dwemoh Benneh on his appointment as CEO of UMB and expressed his confidence and blessings as regards his success.

He charged him to not only uphold the fundamental principles of his forebearers but to build on this to establish a legacy of growth for the Bank. He noted the Bank’s upcoming 50th anniversary milestone and looked forward to being appraised of events to mark this momentous event, in the coming months.

Nana Dwemoh Benneh’s visit forms part of his stakeholder engagement and familiarization tour of the region.