UG Banking Square Inaugurated

The University of Ghana has inaugurated a banking enclave where seven banks, uniBank Ghana Ltd., CAL Bank, Stanbic Bank, HFC Bank, Prudential Bank, Universal Merchant Bank (UMB), and Access Bank will operate branches. The enclave, named the UG Banking square was constructed by Pel Construction Limited.

Prof. Ernest Aryeetey, Vice-Chancellor

Prof. Ernest Aryeetey, in his remarks at the inauguration ceremony, expressed his appreciation to the Managing Directors of the various banks for supporting the University’s initiative to transform the old Manciples site into a banking area. He emphasized that the University of Ghana since 1968 has had a master plan which shows among others, areas for commercial activities. He noted that in 2011 the University decided to have commercial presence on campus largely because of changes taking places in the city adding that the extension of residential facilities to the southern end of campus, and plans to put up social facilities such as pharmacies, shopping malls, and cinemas, among many others are some of the initiatives in that regard.

Mr. Felix Nyarko-Pong, Managing Director of uniBank Ghana Ltd.

In his remarks, the Managing Director of Unibank Ghana Ltd., Mr. Felix Nyarko-Pong, noted that the various transformations taking place at the University of Ghana. He mentioned the commitment of the University of Ghana to its core mandate of developing future talents and undertaking intensive research, while being ranked the 7th best University on the continent deserved great commendation. He thanked the Vice-Chancellor, Prof. Ernest Aryeetey and the University Management for the novel idea in constructing the Banking Square. He assured the University of the willingness of the banks not only to manage the facility but also give to members of the University community the banking services they require.

Mr. Stephen Sekyere-Abankwa, Managing Director of Prudential Bank

Mr. Alhassan Andani, Managing Director of Stanbic Bank

The Managing Director of Prudential Bank, Mr. Stephen Sekyere-Abankwa and the Managing Director of Stanbic Bank, Mr. Alhassan Andani, in separate remarks thanked the University of Ghana for opportunity given them to offer banking services on campus. They noted that the new banking square was cost effective and would be used as a laboratory to test new concepts applicable to the field of banking while adding value to customers.

Mr. Nana Perbi Jnr., Managing Director of Pel Construction Ltd.

A Manager at Pel Construction Ltd., Mr. Perbi, who represented the Managing Director, Nana Perbi, presented a background to the construction of the banking square. He commended the hard work of the company employees and all those who contributed to the successful completion of the project.  He noted that even though the project was challenging, especially in having to satisfy varied expectations and specifications from the various banks, Pel Construction was able to go through diligently. He extended the company’s gratitude to the University for the opportunity to be associated with such a monumental development.

The Deputy Director of the Physical Development and Municipal Services Directorate (PDMSD), Mr. Charles Kofinti expressed appreciation to all who worked together to make the project successful.

 Present at the ceremony were officials and staff of the various banks, as well as officials and staff of the University community.

The Vice-Chancellor, Prof. Ernest Aryeetey, later unveiled a plague to mark the inauguration of the facility and was supported by the Managing Directors and other senior officials of the various Banks present.

(from left Mr. Felix Nyarko-Pong (uniBank), Prof. Ernest Aryeetey, Mr. Stephen Sekyere-Abankwa (MD, Prudential Bank) and Mr. Alhassan Andani, (MD, Stanbic Bank)


Officials from the Banks present in a photograph with the Vice Chancellor (fifth from left) Nana Perbi (second from left), the Director of Public Affairs (extreme left).




University of Ghana Banking Square