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Tag: GCB

GCB, Global InfoAnalytics

Banking and Finance Company/Corporate News

GCB up on global social media ranking

GCB Bank Limited moved eight notches higher in Q2, 2021 to close…

August 24, 2021

GCB, Bank, loans

Banking and Finance Company/Corporate News General News

GCB Bank MD predicts strong growth in loans

The Managing Director of the GCB Bank Limited, John Kofi Adomako, has…

July 28, 2021

GCB, Millennium Excellence award

Banking and Finance Company/Corporate News Life & Style

GCB picks Financial Business Millennium Excellence award

The Managing Director of GCB Bank Ltd, Kofi Adomakoh, has described the…

July 22, 2021

GCB, Global InfoAnalytics

Banking and Finance General News

GCB Bank reacts to GH¢52.5 bn transfer allegation

GCB Bank Limited has denied allegations that the bank made unauthorized transfers…

December 2, 2020

A comparative analysis of rates between G-Money and the three other mobile money service providers in Ghana show that G-Money currently stands tall with the best Peer to Peer (P2P), Cash Out and Mobile Money Interoperability (MMI) rates on the market. This is according to the Managing Director of the GCB Bank, Anselm Ray Sowah. He stated that G-Money has the lowest P2P rate of 50pesewas which is a flat fee for all transactions below 999.99 cedis. It also charges a flat fee of 1 cedi for transactions worth 1,000 cedis and above, while other competitors charge as much as 10 cedis per transaction. He also stated that, ‘the rationale behind our unbeatable rates is to encourage our customers and all Ghanaians to go cashless with G-money and limit their exposure to bank notes to promote both digital financial inclusion and avoid physical contact in this COVID-19 season.” On the Mobile Money Interoperability (MMI), the analysis showed that G-Money has the best MMI rates across all its pricing categories which makes it affordable to the consumer. “While other mobile money service providers charge as much as 15 cedis for transactions worth 1000.01 cedis and above, G-money charges a flat fee of 10 cedis. For transactions below 1000 cedis, G-Money charges as low as 1% for the transaction,” the statement noted. G-Money is a mobile money service introduced GCB to allow individuals and businesses to store and make transactions on their phones and other personal digital assistant devices (PDA). The service is part of the bank’s drive to take advantage of its country-wide branch network to deploy a digital payment service that fosters financial inclusion and propel Ghana’s interoperability system initiated by the Government. The mobile money wallet service can be accessed via various channels such as USSD, the bank’s mobile banking applications, ATMs, point of sale devices and very soon would be available for use on WhatsApp.

Banking and Finance Economy

G-Money has the best rates on the market – GCB MD

A comparative analysis of rates between G-Money and the three other mobile…

June 13, 2020

GCB, covid-19, AGM

Company/Corporate News General News

COVID-19: GCB postpones AGM indefinitely

Management of GCB Bank Ltd. has postponed a planned Annual General Meeting…

April 28, 2020