GhanaReview International - The Leading Ghanaian News Agency
London New York Accra
GRi Latest News
Wednesday 24 May 2017


[B] Tullow eyes new fields beyond Jubilee & TEN
[B] ECG concession: bidders reduced to 6; MIDA sets eyes on financially viable bidde
[B] Former MP demands details on the 150 investors for ‘1-district, 1-factory'
[B] We need power to turn economy around – Agyarko
[S] Akufo-Addo's changes to ECG 'sale' agreement quite impressive - PUWU
[N] Kumbuor approved military protection for Ukraine, Russia galamseyers – MP
[N] 9 cars burnt, shops destroyed in a fire outbreak at Suame Magazine
[N] I insist Baba Jamal is involved in galamsey - Wontumi
[N] Man found dead in an abandoned dam
[N] 495 allied health professionals get financial clearance
[N] Spio Garbrah should be commended for GSA scandal investigations - Sorogho
[N] Alex Segbefia urges prosecution of culprits in Central Medical Stores fire
[N] Crentsil and family squandered GSA funds – PRO
[N] Ghana needs measures to stop illegal migration - Dr Ocansey
[N] Three (3) Ghana Gas helicopters missing
[N] Military protecting illegal mining sites – Amewu
[N] Amewu arrest 4 for engaging in galamsey at Amadaa
[N] Pastor, fetish priest clash over juju money


[S] I lose nothing over Ghana banishment – KP Boateng
[S] Tony Baffoe urges government to create fund for Black Starlets
[B] Dumsor hit Vodafone Ghana badly - CEO
[B] Government to invest 30% only in 'One-District One-Factory' - Alan Kyeremanten
[B] Dollar has taken a commanding lead again
[B] Atuabo project was bloated by over $40m – Dr. Manteaw
[B] ECG using outdated methods to recover debts - NDC MP
[B] BoG reduces policy rate to 22.5%
[N] I’m not naive about corruption – Akufo-Addo
[N] Police begin manhunt for Tatale robbers
[N] Teenage pregnancy declines in Ashanti
[N] $13.9 million Veep's residence abandoned?
[N] UCC sued over suspension of 22 students
[N] Two fake soldiers arrested
[N] Otumfuo supports ban on Galamsey
[N] Government worried about Alavanyo-Nkonya killings – VR Minister  
[N] Politicians mourn with Woyome
[N] NDC chair, 4 robbers and 2 others killed in robbery gun battle
[N] 15 'corrupt' customs officers fired
[N] 3 robbers killed in shootout with police
[N] Girl, 16, dies after committing abortion
[N] Prof. Badu Akosa can't be our Chief – Kwahu Queen Mother
... go Back

[ 2017-05-17 ]

UMB Centre for Businesses and the UMB PPP Incubator Centre are located in Madina

UMB inaugurates PPP incubator centre for one district, one factory policy
Building on its long and proud history of
developing businesses in Ghana, in October 2016
UMB unveiled the UMB Centre for Businesses in
Ashtown, Kumasi.

The vision of the UMB Centre for Businesses is to
set a new standard in the delivery of SME banking
services and to enhance the competitiveness of UMB
in the SME market.

This vision has been given a boost with the
inauguration of the second UMB Centre for
Businesses in Madina, Accra.

This UMB Centre for Businesses, just like the
first one in Ashtown, Kumasi, will offer quick and
relevant financial and non-financial services to
SMEs in Accra and its environs.

The Chief Executive Officer of UMB, Mr. John
Awuah, said that the unique needs of SMEs cannot
be addressed by the traditional operational
parameters of most banks and that is why UMB
decided to invest in the establishment of the UMB
Centre for Businesses. According to Mr. Awuah, the
UMB Centre for Businesses “was set up to address
the risk and growth needs of SMEs in a manner that
is efficient and streamlines the often cumbersome
process of accessing credit and advisory

At the event, the Bank also outdoored the UMB PPP
Incubator Centre, a ground breaking concept that
will partner with the government and the private
sector to support the One District, One Factory
initiative. It will be recalled that UMB recently
pledged to create liquidity space of up to 100
million US Dollars to support this initiative.

This means that for qualified private sector
businesses who want to partner with the government
to build factories in the districts, the UMB PPP
Incubator Centre will provide a wide range of
services including technical support and financing
to enable them to complete their projects.

Speaking at the event, UMB Board Chairperson, Mrs.
Elizabeth Zormelo noted that “even though the UMB
PPP Incubator Centre was established to primarily
support the One District, One Factory initiative,
it will also support other Public Private
Partnership (PPP) projects that are not
necessarily linked to the One District, One
Factory Initiative.”

Mrs. Zormelo further stated that while UMB will
continue to develop and invest in its retail
banking infrastructure, the bank will also build
strategic partnerships that will help to cement
its position as the preeminent bank for corporates
and SMEs in Ghana.

The UMB Director of Consumer and Business Banking,
Mr. Kevin Cain who has responsibility for the
strategy and operations of both Centres, stated
that, “UMB’s reputation as a business friendly
bank is once again demonstrated by the
inauguration of not one, but two Centres to
support the needs of enterprises in various
sectors of the economy.”

According to Mr. Cain, “To us at UMB, small
business is big business and we believe in
pursuing initiatives that have the potential to
positively impact the growth of Ghana’s economy. I
encourage all business owners and private sector
organizations to visit the UMB Centre for
Businesses and the UMB PPP Incubator Centre, and
our friendly and knowledgeable staff will be more
than happy to assist them.”

Both the UMB Centre for Businesses and the UMB PPP
Incubator Centre are located in Madina on the
Accra Dodowa Road near Peter Pan restaurant and
judging from the reception at the inauguration
ceremony, these centres will transform banking in
the SME and public private partnership space.

Source - UMB

... go Back

Add YOUR View here

Ghana Review International (GRi) is published by Micromedia Consultants Ltd. T/A MCL - a wholly Ghanaian owned news agency. GRi is an independent publication and is non-aligned to any political party or interest group, within or outside of Ghana. It is a reliable source of information for Ghanaians and non-Ghanaians alike. This magazine will be of interest to any person with an interest in Ghana, Ghanaians and Africans, wherever in the world they live. This website is the on-line arm of the publication. It contains news and reviews on Ghana and the international communities.

All pages are © Copyright Ghana Review International (GRi) 1994 - 2016