Chief Executive officer of Universal Merchant Bank resigns

The Board of the UMB has announced the departure of the bank’s Chief Executive Officer (CEO), Mr John Awuah, after almost four years of dedicated service that has spurred the bank on the path of growth.

The board did not state any reason for Mr Awuah’s departure but a message from the chairman to Mr Awuah states: “You are a strong advocate for team effort and over the past four years, we have witnessed good and positive transformation under your watch. We wish you the very best in your future endeavours.”

Mr Awuah has over the years initiated and championed successful strategies with the private sector, as well as partnered the public sector on initiatives for the development of the country.

Some of the projects include the launch the UMB PPP Centre and the growth of the Small and Medium Scale Enterprises in Ghana through the UMB Centre for Businesses.

Under his leadership, the bank introduced more branches and innovative products to meet its ever-growing customer base.

UMB is one of the few local banks that will benefit from the special entity known as the Ghana Amalgamated Trust (GAT), created to support solvent local banks in the country.

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The Ghana Amalgamated Trust (GAT) was set up by the government to support solvent and well governed indigenous banks with a 2 billion cedis support to meet the capital requirement.

The Agricultural Development Bank (ADB), National Investment Bank (NIB), (OmniBank / BSIC), and Prudential Bank are the other beneficiaries of the fund.

Mr Awuah has built a strong foundation for the present and future growth of UMB and the bank will continue to execute these laudable initiatives.

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