Ecobank Ghana and Ghana Post have signed a Memorandum of Understanding (MoU) to bring financial services closer to Ghanaians.
The Managing Director of Ecobank Ghana, Dan Sackey signed on behalf of Ecobank, while the Deputy MD of Ghana Post, Kwaku Tabi Amponsah, signed on behalf on his institution.
Under the MoU, 100 Ghana Post outlets would be used as Ecobank Xpress Points to provide financial services to customers.
The programme will start with an initial 78 outlets before 22 more are added.
Ultimately, the plan is to turn all 360 Ghana Post outlets across the country into financial service and agency banking hubs .
This is aimed at deepening financial inclusion in the country.
Speaking at the signing, Mr Sackey said there couldn’t be any better partner for the rollout of the strategy than Ghana Post because of the many outlets spread across the country to drive financial inclusion.
The move, he said, would make it easier for Ghanaians everywhere in the country to have access to Ecobanks’s digital financial services and Ghana Post provides the widespread presence for that to be possible.
Mr Sackey said customers, especially the underserved and unbanked population, would get to have faster, safer and convenient banking when they access the Ghana Post Ecobank Xpress Point.
Besides, Ecobank would get to increase its presence across the country in a more cost-effective manner and also get to drive financial inclusion.
For his part, the Deputy MD of Ghana Post, Kwaku Tabi Amponsah said his company was working to increase revenue and such strategic collaborations in agency banking were critical to that effort.
He said such innovative partnerships would help GhanaPost to be endowed with new competencies from their various banking and financial service partners.
According to him, the partnership with Ecobank also puts Ghana Post in a position to help drive Government’s financial inclusion agenda even further, adding that it is his firm belief that the partnership will be for the long-term.
The two institutions believe that their collaborative strategy will go a long way in helping to bridge that gap.