GCB Discusses Cashless Regime

Simon Dornoo-MD of GCB

Simon Dornoo-MD of GCB

Ghana Commercial Bank Limited (GCB) is to host a roundtable discussion on the feasibility of a cashless regime in Ghana on April 29, 2013 as part of activities marking its 60 th anniversary celebrations.

Under the theme: ‘Achieving A Cashless Society: The Role Of Banks, Government and the Customer,’ the landmark event will bring together business leaders, corporate executives, civil society and public sector decision makers, among others, for a brainstorming session.

Simon Dornoo, Managing Director of GCB, said as the leading bank in Ghana GCB is providing the platform for bankers, customers and decision makers to discuss the all important issue.

He said a cashless Ghanaian society, when embarked upon, may provide many benefits including increased efficiency in making payments,  better information on payment transactions for policy making,  reduction in cost of minting coins and printing bank notes and increased participation in the formal banking sector.

GCB, established on May 20, 1953 to offer financial support to indigenous Ghanaian businesses, has grown from a branch to 158 networked branches and 15 agencies across the length and breadth of Ghana. It has taken advantage of a secure ICT platform to introduce multiple channels of service for the benefit of its customers.

These include automated teller machines, internet and SMS banking, as well as point of sale terminals.

High-profile personalities are billed to speak at the event.

A business desk report