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08.11.2007 Business & Finance

Barclays On Target

By Daily Guide
Barclays On Target
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As part of efforts to extend its banking operations to every Ghanaian, Barclays Bank Ghana Limited on Monday opened its latest branch at Nima, a suburb of Accra.

This move by the bank is part of its efforts to attract the unbanked population in the area as well as shore up its deposits.

It is also in line with the bank's expansion programme aimed at positioning it to become the leading contributor to the country's economic growth and development.

Barclays also launched its 'Aba Pa' account system by which it hopes to cultivate the habit of savings among the populace. 'Aba Pa', which is one of the new products of the bank, will enable Ghanaians to open accounts with only GH¢4.

Opening the branch, a representative of the Managing Director, Margaret Mwanakatwe said her outfit wants to encourage the masses to open accounts with them, whether personal or business; thus it is ready to provide innovative products.

With the new saving schemes, she said, Barclays hopes to encourage small and upcoming customers, adding, “We are for everybody.”

The bank has already declared its intentions to increase its branches to 64 by next year in a bid to capture a large portion of the industry's market share. Similarly, it is also working around the clock to augment the number of Automated Teller Machines (ATMs) to about 100 as against the current 28.

It has already added Asafo in Kumasi, Brekum in the Brong-Ahafo region, Bolgatanga in the Upper East and Ring Road Central in Accra to its number of branches.

She said Barclays wants to be counted as not only a universal bank but also a community bank, adding that increasing abundant supply of ATMs will make it more convenient to access money safely.

The bank will on Sunday celebrate its 90 years in existence in Ghana.