UMB awards full scholarship to 2019 overall best WASSCE student

UMB CEO, Mr. Benjamin Amenumey presenting the full scholarship to 2019 Overall Best Candidate, Melisa Amoah at the WAEC Distinction Awards.

Universal Merchant Bank (UMB) has presented a full scholarship to the 2019 overall best WASSCE candidate, Melisa Abena Okyerewaa Amoah at a WAEC Distinction Awards ceremony.

This puts to six, the number of times the bank has presented full scholarships to deserving students.

The awards ceremony was held at the Sakyi Asare-Menako Hall on Wednesday, March 11, 2020, to recognize and reward the best performing candidates in the 2019 West African Senior School Certificate Examination (WASSCE) organized by the West African Examinations Council (WAEC).

UMB, with the full educational scholarship, will provide funding to cater for Melisa’s tuition, accommodation and books for the entire duration of her course at the University of Ghana, Legon.

She also received cash of GHS1,000 on her UMB SpeedApp account, a brand new laptop and some branded gift items from the Bank.

The second and third overall best candidates, Nana Adwoa Sereboo Agyemang and Ewurabena Esiboaba Cudjoe were each presented with brand new laptops, cash and UMB branded gift items.

The Chief Executive Officer of UMB, Benjamin Amenumey in his remarks noted, “This scholarship programme is much more than a corporate social responsibility initiative for us at UMB; it is, in fact, a civic responsibility of helping build a great nation through education, which is the passport to a great future.”

He further stated that as an indigenous bank, UMB would continue to empower the youth by encouraging them through such financial interventions, as he believes this will encourage parents to motivate their wards to excel in their respective courses in school for a better, brighter future.

UMB officials led by the CEO; the Director-General of the Ghana Education Service, Professor Kwasi Opoku-Amankwa; Country and Regional WAEC officials; Minister of State in charge of Tertiary Education, Professor Kwesi Yankah and many other dignitaries attended the event.

The overall best WASSCE candidate, Melisa A. O Amoah, and her family expressed their gratitude to the bank for the kind gesture and entreated current second-cycle students, especially the final year students, to be diligent in their pursuit of excellence even beyond the classroom.

UMB Empowers SME Customers on Managing Their Cash Cycle

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For the second consecutive year and in line with the Bank’s strategic goal of setting new standards in SME banking, Universal Merchant Bank (UMB), has successfully hosted an engaging SME Clinic for some of its SME customers in Accra. The seminar, delivered by UMB’s Consulting Director for Credit, Mr. Eyram Atsu was held in the Bank’s head office in Airport City on the topic “Managing Cash Cycle of SMEs”.

In his submission, Mr. Eyram Atsu provided relevant information on topics such as financing models, succession planning, recruiting, corporate governance among other significant topics to help the participants mitigate cash cycle challenges they face in their daily business operations.

The Acting CEO of UMB, Mr. Benjamin Amenumey in his welcome address assured the participants of the Bank’s continuous support of their businesses and of the SME sector in general. He highlighted some of the notable financial support UMB had extended to small and medium scale businesses and further pledged an even greater financial and non-financial support to SME business owners and customers of the Bank at large.

Mr. Amenumey encouraged participants to take advantage of the suite of resources and dedicated staff of the Bank stating that “given the enormous contribution and investments UMB has made in the SME sector especially with the setting up of the flagship UMB PPP Incubator Centre in Madina and the three dedicated Centres for Businesses located in Kumasi (Ashtown), Madina and Kasoa, respectively, UMB is positioned to be your unique partner for a steady yet significant growth in your various businesses and in the growth of our economy”.

At the end of the seminar, some participants did not only share useful feedback that will further enhance the business relationship with the Bank, they also used the opportunity to express their profound gratitude to UMB for the insightful and timely engagement.

UMB Wins 3 Awards at the 2019 Ghana Information Technology and Telecom Awards (GITTA)

Acting Head of I.T., Mr. Sylvester Apedoe receiving the award

Universal Merchant Bank (UMB) won three awards at the 9th Ghana Information Technology and Telecom Awards (GITTA) held in Accra, on Friday, June 28, 2019. The annual event, now in its ninth year, was on the theme “Celebrating Innovation and Excellence in the ICT Sector” with the Vice President of Ghana, Dr. Mahamudu Bawumia delivering the keynote address.

The Bank was adjudged the Best Bank Award for Cyber Security Risk Management at the event. This is the third consecutive year that UMB has received this coveted award and its indicative of the Bank’s significant investment in ICT in order to secure our cyber environment and our customers.

The other two awards went to our Acting CEO, Mr. Benjamin Amenumey and Acting Head, I.T., Mr. Sylvester Apedoe who received Emerging ICT-Driven CEO of the Year and CIO of the Year awards, respectively.