UMB Receives Funding to Meet the New Bank of Ghana Minimum Capital Requirement of GHS400m

UMB CEO John Awuah
UMB CEO, John Awuah

Universal Merchant Bank (UMB) is pleased to inform its customers, staff and the general public that it has received funding to meet the new Bank of Ghana minimum capital requirement of Four Hundred Million Ghana Cedis (GHS 400,000,000) by December 31, 2018.

As a Ghanaian-owned bank, we at UMB have always been proud of our commitment to the local economy and local businesses, investing in the success and prosperity of our nation.

“We are excited about this development, for our customers and also for Ghana. This allows us to continue the great work we have been doing, promoting the independence of Ghanaian industries. Now, we can provide funding for Ghanaian business initiatives now, and for generations to come,” said Mr. John Awuah, CEO of UMB.

UMB has a rich history of supporting local businesses and in the past, was key in the establishment of Ghana’s first mortgage bank, as well as the Ghana Stock Exchange.

We continue to support the growth of our local economy through our increased support to SMEs, through our Centre for Businesses, as well as Government partnerships such as the 1 District, 1 Factory initiative.

UMB is a full-service financial institution specializing in customized banking products and services. We are a leading Ghanaian indigenous bank with considerable financial expertise having operated in Ghana for over 45 years. Through our corporate, business, private, personal and e-channels banking departments, we address the financial needs of various segments of the market.

UMB operates through 36 branches located across Ghana; three UMB Centres for Businesses (Kumasi, Accra, Kasoa); one UMB PPP Incubator Centre located in Accra; and a vast ATM network.

Should you require any additional information, please call our 24-hour Customer Contact Centre team on any of our toll-free lines: MTN 0800-100880, Vodafone and Airtel 0800-10088 and all other lines 0302 633 988. Additionally, the Customer Contact team is very responsive on our Facebook and Twitter accounts – interact with us!

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