Ghana Commercial Bank (GCB) has cut the sod for work to begin on a ¢15billion-branch at the Kwame Nkrumah University of Science and Technology (KNUST) in Kumasi.
The new building, which would replace an existing structure, would have a banking hall, a back office for staff, manager's office, six cashiers' cages, bulk cash facility, ATM and a parking lot among other facilities.
It would also have the bank's new Royal Banking concept, which was about to be out-doored and designed to reduce long queues in the banking halls.
Mr F.K. Asamoah, board member of GCB disclosed that the hallmarks of the bank's Royal Banking were flexibility, speed, convenience and delivery of high quality customer service.
He said the decision to build a new branch was in line with modern trends of business and in response to the expansion, population increase and improvement in the infrastructure at the university.
The Vice Chancellor of KNUST, Prof. K. K. Adarkwa commended the management of the Ghana Commercial Bank (GCB) for its financial and material assistance to the university.
He described GCB as a supportive partner which had been very instrumental in the execution of the university's core mandate.
The Vice Chancellor recalled how GCB on March 2 this year, made a donation of computers, printer and accessories worth ¢45million and a cheque for ¢100million to the university's College of Art and Social Sciences.
Prof. Adarkwa said apart from the material and financial support the school had over the years received from GCB, it had five different branches within the immediate environs of the university.
He observed that the sod-cutting to commence construction of another bank within the campus would reduce the stress and long queues students had to grapple with.
Prof. Adarkwa said GCB had over the years been one of the few banks which had been very supportive in terms of granting loans to the staff and students body.
According to him, GCB had arranged a loan package with soft terms of payment for staff of the university.
He said KNUST prided itself on being an institution that catered for the mass spectrum of Ghanaian youth in search of higher science and technology education, stressing that KNUST had for the past few years operated the less Endowed Students' Policy to offer admission on non-competitive basis to students from less-endowed senior high schools throughout the country.
The Vice Chancellor pointed out that the university had established a students' financial service office to advance the cause of needy but brilliant students who sought financial support for their education.
He said plans were also far advanced to have GCB build a modern lecture theatre or auditorium for the College of Architecture and Planning.
Prof. Adarkwa called on all collaborators of the university to come forward with their proposals.
From Stella Danso, Kumasi