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Ghana Post Veers Into Banking

GHANA POST has planned in advance to go into the financial sector with the opening of savings and loans outlets across the country in 2016.

Mr. Eric Yao, Managing Director (MD), Ghana Post, explained that his outfit wants to be relevant to the public, hence entering into the financial sector.

He said parts of Ghana Post’s 340 outlets across the country, would be converted into the saving and loans companies alongside postal services to the people.

Mr. Yao noted that Ghana Post had already started money transfer services to the public in line with the grand opening of the savings and loans project.

He was speaking when he led a powerful delegation from Ghana Post to pay a courtesy call on the Asantehene, Otumfuo Osei Tutu II, in Kumasi.

Mr. Yao and his entourage used the historic occasion to brief Otumfuo about recent happenings in Ghana Post and their plans for the New Year.

He stated that plans are also in the pipeline to revamp all the 340 Ghana Post outlets so that they could offer modern postal services to the people.

Mr. Yao noted that his management also has plans of equipping Ghana Post outlets with 4G internet access services to enhance communications.

He said Ghana Post had started real estate business in Accra, the national capital, and they want to replicate their success story in the Ashanti Region, this year.

Mr. Yao appealed to Otumfuo to assist Ghana Post to expedite the documentation of their lands in the region, to enable them start the real estate project.

The Asantehene, in his remarks, charged Ghana Post to properly position itself so that it could compete adequately in these modern times.

He also tasked Ghana Post to publicize its innovations, notably the savings and loans business, so that the public would patronize them.

Otumfuo commended the outfit for its vision of entering the real estate business, notably in the Ashanti Region, assuring it of his support.

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